Rochester,NY 7/11/2009 2:15:38 AM
Afternoon Stock Report - TDG - Get Airborne With Boeing's Grounding - Sourced WhisperFromWallStreet.com
TransDigm Group Incorporated
Afternoon Stock Report - TDG - Get Airborne With Boeing's Grounding - Sourced WhisperFromWallStreet.com
TransDigm Group Incorporated, TDG
When is a plane not a plane? When it never gets off the ground, and instead becomes a piece of runway art. Boeing (NYSE: BA) critics have named its new Dreamliner the "7-late-7" with good reason. The company's announcement of yet another delay in the new model's maiden voyage is becoming a public relations nightmare.
Considering the anticipation that has built up behind the jumbo airship, it's no wonder the string of postponements has frustrated investors, who have suffered a 60% loss of value in Boeing shares since the Dreamliner's first snafu was announced two years ago.
Last Trade: 37.03
Day's Range: 35.15 - 37.11
52wk Range: 23.00 - 42.01
Volume: 192,344
ABOUT - TransDigm Group Incorporated
TransDigm Group Incorporated engages in the design, production, and supply of engineered aircraft components for use on commercial and military aircraft worldwide. The company offers mechanical/electro-mechanical actuators and controls used in various actuation applications; ignition systems and components, such as igniters, exciters, and spark plugs used to start and spark turbine and reciprocating aircraft engines; gear pumps used primarily in lubrication and fuel applications; specialized valves and engineered connectors used in fuel, hydraulic, and pneumatic applications; power conditioning devices used to modify and control electrical power; specialized fluorescent lighting; specialized AC/DC electric motors and components used in various defense and commercial applications; and aircraft audio systems. It also provides engineered latching and locking devices used in various bin, security, and other applications; lavatory hardware and components; rods and locking devices used primarily to hold open cowlings to allow access to engines for maintenance; specialized cockpit displays; elastomers used in various clamping and heating applications; and NiCad batteries/chargers used to provide starting and back-up power.
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