Thursday, November 12, 2009

Good News for Boeing & Precision Castparts

Given the recent acquisition of Precision Castparts Corp. during the November 6th Conference Call some good news was released today.

Boeing has successfully addressed and fixed a structural flaw on their first 787 Dreamliner. Scott Francher, who is the vice president and general manager of the 787 program, had this to say, "Completing this work is a significant step toward first flight. We continue to be pleased with the progress of the team and remain confident the first flight of the 787 Dreamliner will occur before the end of the year."

Precision Castparts is heavily involved with the 787 program with a dollar content of $5.5 million per 787 Dreamliner built. There are currently 850 outstanding orders for Boeing 787's that are expected to begin passenger flight towards the end of 2010. Due to various reasons the Boeing 787 project has been delayed, however this positive news from Boeing only reinforces my stance on Precision Castparts Corp.

-Matthew Opanowski

No comments: