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Boeing 787 Battery Fix Nears Approval

The new system was tested on flights last month


787dreamlinerSources tell the Wall Street Journal that Boeing (NYSE:BA) could receive Federal Aviation Administration (FAA) approval of a new battery containment system for its troubled 787 Dreamliner jets as early as Friday.

Boeing has apparently convinced the FAA that the containment system is sufficient to prevent further problems with the jet’s lithium-ion batteries. Those batteries were linked to a series of problems that led to emergency landings and a fire on board one 787 at Boston’s Logan Airport.

Boeing Expanding Plant in Charleston
Boeing Expanding Plant in Charleston

In the wake of those incidents, the FAA grounded all 787 Dreamliners. Other aviation regulators around the world quickly followed.

Since then, Boeing has worked furiously to identify the problem and find a solution. Last month, Boeing tested the new battery containment systems on Dreamliner jets in a series of test flights.

Once the FAA clears the planes for refitting, other aviation authorities worldwide will likely follow suit.

The National Transportation Safety Board (NTSB) will hold public hearings about the Dreamliner’s battery systems, and the process that approved them back in 2007, next week.

Shares of Boeing rose almost 2% in Friday morning trading.

Article printed from InvestorPlace Media,

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