For The Boeing Co. (BA), the strike may be over, but the fallout continues. Just days after resolving an eight-week strike by 27,000 unionized machinist workers, the Chicago-based aerospace giant announced that the job action will force it to delay the first test flight of its problem-plagued 787 Dreamliner passenger jet until next year.

Boeing was planning to make the inaugural flight of the next-generation jetliner – already delayed four times – during the fourth quarter. But company spokesman Jim Proulx said the strike – which started Sept. 6 and forced Boeing to temporarily shutter its commercial aircraft business – forced the firm to push the test flight into next year.

Boeing is conducting a special assessment to determine just how much the strike affected its production schedule. The company will revise the Dreamliner’s schedule – including a new date for that first test flight – based

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Boeing’s (BA) machinist unions, which is responsible for the company’s aircraft assembly employees, have gone on strike over the weekend, after emergency talks to stave of a strike following the union’s vote to reject an employment contract that Boeing (BA) offered, failed.

The strike, which could cause Boeing almost a hundred million dollars a day, will halt production on Boeing’s 737, 747, 767 and 777 planes. The strike will also cause further delays to the company’s 787 Dreamliner on which Boeing is banking on and possibly delay Boeing’s (BA) planned first test flight of the aircraft later this year.

Analysts are estimating that if the stike lasts a month it would cost Boeing (BA) $2.8 billion in sales and an EPS loss of $0.31.

Tag: Boeing strike

The Peridot Capitalist, Chad Brand with some perspective about the 40% decline in shares of Boeing (NYSE:BA) from $107 to $64. SOURCE: http://www.peridotcapitalist.com/2008/08/contrarian-call-40-drop-in-boeing.html The decline in shares of Boeing (BA) has been significant over the last year. The stock has fallen 40% from $107 to $64 as high ...

In the battle for supremacy in the aircraft business, there are only two real players - Boeing Company (NYSE:BA) and Airbus (EPA:EAD).  These two companies compete for market share in commercial and military planes, with demand far exceeding each company’s manufacturing ability, and both have a long order backlog.  Some of Boeing’s customers, for example, will wait as long as five years before the planes they ordered are delivered.  And while they fill these orders, both companies must keep innovating.  As oil prices continue to soar, and airline companies like Delta and American Airlines struggle with tight margins, planes that fly faster, fit more passengers, and consume less fuel are at a premium.

And so each company has designed its own new super-plane - for Airbus, the A380, and for Boeing the 787 Dreamliner.  The Airbus plane has already debuted (its first flight was in October 2007),

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