Aerospace Stocks Hit Hard On Boeing's 787 Delay (HXL, GR, SPR)
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Aerospace stocks are getting hit hard today after Boeing (NYSE: BA) postponed the first flight of the 787 Dreamliner due to a need to reinforce an area within the side-of-body section of the aircraft.
Shares of Boeing are down 7% on the news and it is having ripple effects on suppliers and others in the sector:
- Hexcel Corp. (NYSE: HXL) -8%
- Spirit AeroSystems Holdings Inc (NYSE: SPR) -7%
- Goodrich Corp. (NYSE: GR) -2%
- Honeywell (NYSE: HON) -0.5%
- Rockwell Collins (NYSE: ROK) -0.5%
- BE Aerospace Inc. (Nasdaq: BEAV) -4.5%
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