More 787 Problems Cause Boeing Shares to Drop

Photo courtesy of Creative Commons
Photo courtesy of Creative Commons

Boeing stock dropped 7 percent to a low of $98.99 on news of recent issues with a couple of 787 airliners. A Thompson Airways Boeing 787 Dreamliner flying from England to Sanford, Fla., had to turn back Friday for precautionary reasons. That was after a fire on an empty 787 forced London’s Heathrow Airport to temporarily shut down its two runways Friday morning.

Boeing lost an estimated $50 million a week while the Dreamliners were grounded. St. Charles-based LMI Aerospace plays a key role in providing parts for Boeing’s 787 Dreamliner program.

Read more from the St. Louis Business Journal and Bloomberg

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