Boeing hit $67 tomorrow after Union says "it has right to strike"
Now I didn't say the engineering union would strike but that they will vote that they have the right to strike. That news will bring Boeing stock down hard since the Boeing Engineers are saying. "the clock is ticking and we could walk at any moment". Now why in the world would you want to be a long investors with BA when there is a 75% 25,000 Boeing engineers could walk off the job while BA is still six months off from ever getting the 787 back into the air.
I agree and Airbus is now scoring big points for dumping lithium-ion batteries on all future Airbus planes. And along with all these nightmares at Boeing you have the sequestration defense cutback coming in two weeks. Could we see BA stock under $50 a share come March 1st. Very, very possible.
IAG Chief Executive Officer Willie Walsh said Airbus was right to remove lithium-ion batteries from the A350 aircraft after fires in similar Boeing Co. power packs grounded the global fleet of 787 Dreamliners.
“Its a sensible thing to do,” Walsh said of Airbus’s decision, which the planemaker disclosed last week. While the switch will add weight, Walsh said it’s the right move, “given the problems that the industry has seen in relation to the use of lithium-ion batteries and the concern that has grown in the public domain about lithium-ion batteries.