Boeing’s Bad Week Gets Worse

BoeingShares of Boeing (NYSE:BA) are off just 2.3 percent since the beginning of 2013, which is pretty good, all things considered. The world’s leading aerospace company is in the throes of a public-relations nightmare as aviation officials around the world ground its flagship aircraft, the 787 Dreamliner, because of an issue with the lithium-ion batteries used in the plane’s advanced electronics system.

Investors have been taken on a roller coaster ride the past few weeks as expected growing pains for the aircraft turned into a full-blown review by the Federal Aviation Administration. While the lithium-ion battery, which is manufactured by GS Yuasa Corp., has been at the heart of safety concerns, a fuel leak is also under investigation.

But Boeing has more than just the Dreamliner to worry about. Contract negotiations between management and a labor union representing 23,000 engineers and technical workers appear to be falling apart, threatening the plane’s production, which has so far continued without fault…

Start 2013 better than ever by saving time and making money with your Limited Time Offer for our highly-acclaimed Stock Picker Newsletter. Click here for our fresh Feature Stock Pick now!

More Articles About:   , ,