Boeing Expands Contract With SAAB For 787 Dreamliner Program - Boeing (NYSE:BA)

Boeing Co (NYSE:BA) penned a contract expansion agreement with SAAB AB (OTC:SAABF) for manufacturing of large cargo doors, bulk cargo doors and access doors for the 787 Dreamliner.

This is an extension of an existing contract signed with SAAB in 2004 for the 787 Dreamliner program.

Since the program started, SAAB has delivered over 1,100 shipsets for the Boeing's 787 Dreamliner program.

"With this contract extension we continue to be a proud partner to Boeing on the successful 787 programme, one of the world's best-selling widebody aircraft. It strengthens our good and long relationship with Boeing and enhances the cooperation we have, both on commercial aerostructures and the T-7A trainer on the defence side," said Lars Tossman, head of SAAB's business area Aeronautics.

Last month, Boeing warned of delivery delays of 737 MAX jets due to a manufacturing defect.

Also Read: Boeing Pauses South Carolina Operations Due To Hurricane Idalia: Report

Price Action: BA shares are trading lower by 0.48% at $222.32 on the last check Tuesday.

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