"It's not so easy building an airplane; harder still to develop a new one from scratch and then build it in various pieces around the world to be shipped to one place for final assembly," notes technology expert Mark Mowrey.
The editor of The Prudent Speculator Tech Value Report explains, "No surprise, then, that this month's new buy, aerospace giant The Boeing Company (NYSE: BA), has fallen behind schedule on the 787 Dreamliner." Here is his bullish review.
"Delays aside, the plane remains the most elegant, sophisticated and efficient carrier-class planes in the world, one for which we bet customers are willing to wait.
"We believe the company will move beyond pre-launch troubles this year and continue to innovate along the gamut of its aerospace endeavors, and find the stock's valuation a compelling entry point.
"In addition to a just-identified 3-unit addendum to an existing order for six Dreamliners from Fiji-based Air Pacific, Boeing has racked up orders for 817 of the 787s from 55 different carriers around the globe.
"The airlines were attracted to the advantages the Dreamliner's nearly half composite (instead of a similarly strong, though heavier aluminum and titanium) structure which should utilize 20% less fuel for a given load and range.
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