With 787 Battery Tests Complete and Flights Scheduled, Boeing Stock Set to Soar
Good news, United Continental Holdings investors: Your company's 787 fleet may be back in the air next month. The carrier has penciled in May 31 for its first domestic flight of the jetliner since January.
Why the confidence? Earlier this week, Boeing stock rallied on news that the company has completed its final flight test of a new battery that appears to include changes publicly suggested by Tesla Motors chief Elon Musk. Ironic given how Boeing rebuffed Musk's offer to help with a redesign. United is the first U.S. carrier to take delivery of the 787.
Regulators still have to approve the battery system, which could come within weeks. There's also expected to be a certification period before United or any other carrier is permitted to fly the 787 on certain long-haul routes.
Even so, the test has to be welcome news for owners of Boeing stock, says Motley Fool contributor Tim Beyers in the following interview with The Motley Fool's Erin Miller. At the very least, Tim says, efforts to fulfill backlogged orders should begin anew.
Does this news make you more bullish on Boeing's prospects? What about United's? Please watch this short video to get the full takeaway, and then leave a comment to let us know whether you'd buy or sell Boeing stock now, and why.
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The article With 787 Battery Tests Complete and Flights Scheduled, Boeing Stock Set to Soar originally appeared on Fool.com.Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. Neither he nor Erin Miller owned shares in any of the companies mentioned in this article at the time of publication. Check out Tim's web home and portfolio holdings or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.Motley Fool newsletter services have recommended buying shares of Tesla Motors. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.