SPY380.36-1.97 -0.52%
DIA309.45-4.53 -1.44%
IXIC13,192.35+72.96 0.56%

DJ Boeing's Premier Bidder Program Focused On 'Best Value' - Market Talk

· 02/05/2021 10:43

10:42 ET - Boeing 777X landing gear supplier Héroux-Devtek says the jet's delayed delivery shouldn't have a material impact since it's also equipping the 777 freighter, and Boeing's two-a-month build rate for the 777 family still includes some of the new jets. The Canadian company's CEO, Martin Brassard, also sheds light on Boeing's new Premier Bidder supplier program, which he says focuses on "best value" rather than lowest price and provided a route for expanded work, including actuators and parts for military jets. Shares up 7% after fiscal 3Q results are lifted by defense work. (doug.cameron@wsj.com; @dougcameron)

(END) Dow Jones Newswires

February 05, 2021 10:43 ET (15:43 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.