Boeing Co. (NYSE: BA) stock isn’t moving much today even though the company has made a couple of statements that are fairly positive. First, the company says it has completed the ‘Firm Concept’ stage in the development of its 737 MAX aircraft. The single-aisle plane is scheduled for a first delivery in 2017, and is being designed to achieve a 13% savings in fuel consumption.
General Electric Co.’s (NYSE: GE) Aviation division and its 50-50 partner Snecma, part of France’s Safran, will build the plane’s engines. Today, Boeing said Honeywell International Inc. (NYSE: HON) and Rockwell Collins Inc. (NYSE: COL) will supply subsystems for the planes, although new subsystems will be kept to a “limited” number.
The other announcement from the aircraft maker today is that it will begin building 42 new 737s in the second quarter of 2014 and the 737…
View original post 183 more words