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Boeing's billion-dollar plan to buy the South Carolina manufacturing plant of Vought Aircraft Industries was a much-needed, defensive move to rescue Boeing's fast-sinking 787 commercial jet program.
After two years of costly and embarrassing delays, the first flight of Boeing's new 787 Dreamliner is on track for the end of June. When the 787 does lift off, Boeing officials hope it takes the company's stock with it.
The verdict is still out on who exactly won the Boeing Machinists strike of 2008, but it has nonetheless given a shot in the arm to a weakening organized labor movement in America.
When Boeing's biggest union voted to go on strike Sept. 3, the economy was slowing but financial markets seemed relatively calm.
Boeing took steps to restore its damaged credibility this week by declaring its 787 Dreamliner is on track to meet revised delivery targets, but the aerospace giant has a long way to go to prove the jet will meet lofty expectations.
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