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Boeing shares recover after decline
Published in Saudi Press Agency on 06 - 12 - 2008


Shares of Boeing Co. edged up late
Friday after tumbling earlier in the day amid reports that
the world's second-largest commercial airplane maker may
further postpone deliveries of its new 787 passenger jet, reported ap.
The next-generation jetliner has been hampered by a series
of production setbacks, including a strike by 27,000
assembly workers that shut down the company's commercial
aircraft factories for two months earlier this fall.
The production delays, blamed partly on a reliance on
overseas suppliers, has cost Boeing credibility and
billions of dollars in expected additional costs and
penalties.
Shares of the Chicago-based company rose 34 cents to
$39.53 on Friday.
Boeing shares rose with the broader market as investors,
intially shocked by a Labor Department report of
higher-than-expected job losses in November, changed course
on hopes the numbers could mean more government economic
aid.


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