The Boeing Company (BA): Will The Stock Soar Thanks to a New Battery?

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Boeing’s not the only one to benefit
In addition to the good news for Boeing, partners on the Dreamliner are also probably breathing a sigh of relief. Rockwell Collins, Inc. (NYSE:COL) and General Electric Company (NYSE:GE), both have a stake in the Dreamliner’s success — Rockwell supplies avionics equipment for the 787 and is expecting to increase production from four planes to 10 by the start of its fourth quarter, and GE supplies engines for the 787.

Will the stock soar?
Following the FAA’s announcement, The Boeing Company (NYSE:BA)’s stock rose approximately 2% and closed on Friday at $87.96 a share. That’s great news for investors and hopefully signals a turnaround for the Dreamliner.

The article Will Boeing’s Stock Soar Thanks to a New Battery? originally appeared on Fool.com.

Fool contributor Katie Spence has no position in any stocks mentioned. Follow her on Twitter: @TMFKSpence. Motley Fool owns shares of General Electric.

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