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Boeing Buoyed by 737 Plans

24/7 Wall St.

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…

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SMIPP Ltd is a DG Independent Power Plant Private Joint Stock Company. 25-60 MW Gas Turbines Power Generators

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