FAA Places Tighter Regulations on Boeing’s 787 Dreamliner (BA)
Aerospace company, The Boeing Company (BA) is facing tighter restrictions from the FAA.
The FAA is not making it easy for Boeing to get its 787 Dreamliner back on schedule. The agency has issued additional regulations for the planes. The FAA will now require that these planes fly no further than two hours away from a landing strip. Previously, the agency required the planes to stay within three hours of a landing strip.
Flying time is expected to be shortened when Boeing submits its lithium-ion battery system later this month. The agency may adjust regulations as more flights occur. Boeing is seeking a 5.5 hour limit from a landing strip, which would allow its plane to fly internationally.
Boeing shares were down -$1.08, or -1.25% during Wednesday morning trading. The stock has increased 14% in the past year.
The Bottom Line
Shares of The Boeing Company (BA) have a 2.27% yield, based on Wednesday’s closing price of $85.36.
The Boeing Company (BA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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