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Why Have Boeing Shares Stalled?
The Street | March 19, 2012 | 11:53 AM EDT

Shouldn’t this be Boeing’s time?

The large jet manufacturer, one of just two in the world, seems to finally have its house in order. Costly development programs for the 747-8 and the 787, once characterized by multiple delays, are producing aircraft, while production of Boeing’s two most profitable aircraft, the 737 and 777, is ramping up.

The strike threat, a concern given strikes in 1995, 2005, and 2008, has given way to a five-year contract and a commitment to cooperation with the International Association of Machinists.

On the defense side, which produces half of Boeing’s revenue, there are concerns. Yet it remains difficult to imagine defense contractors are facing massive disruption, because nobody seriously anticipates that even our dysfunctional Congress would allow that.

Additionally, Boeing seems to benefit from intangibles associated with a political ascendance. The largest U.S. exporter, it is among the companies President Barack Obama has embraced as symbols of the U.S. manufacturing revival underscoring his re-election platform. CEO Jim McNerney is president of Obama’s export advisory council.

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