Boeing gets nod for moving 777X forward in certification, Air Current reports
1. Boeing approved for third phase of 777-9 certification tests. 2. Progress in testing could enhance Boeing's market competitiveness.
FAQ
Why Bullish?
The approval for certification testing indicates positive advancements for BA, which have historically led to stock price increases as projects move forward. For example, previous successful certification milestones have typically aligned with upward momentum in BA's stock, reflecting investor confidence.
How important is it?
The FAA approval is crucial for BA's development timeline, potentially enhancing investor perception and confidence in BA’s future revenue, which justifies a high importance score.
Why Long Term?
Completion of certification tests for the 777-9 will lead to increased production capabilities long-term. Historical patterns show that once aircraft are certified, they contribute significantly to revenue streams over several years.