Boeing suppliers hit by Dreamliner fire at London's Heathrow

Fri Jul 12, 2013 2:09pm EDT
 
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NEW YORK (Reuters) - Shares of several Boeing suppliers fell on Friday, after a fire broke out aboard a Dreamliner 787 aircraft parked at London's Heathrow airport, recalling a series of previous fires that had grounded Boeing's most advanced jet for months.

Boeing (BA.N: Quote) shares fell 3.1 percent to $103.58 in afternoon trading in New York, after earlier dropping as much as 7.4 percent.

Metal components manufacturer Precision Castparts Corp PCP.N, a primary supplier to Boeing, dropped as much as 6.4 percent before trading down 3.2 percent at $229.73 in heavy afternoon trading.

Spirit AeroSystems Holdings (SPR.N: Quote), one of the manufacturers of parts for the Dreamliner, was down 2.1 percent at $22.65 in brisk trading, after earlier dropping as much as 4.7 percent.

Other companies were barely affected. Shares of Honeywell International (HON.N: Quote) and Rockwell Collins (COL.N: Quote), among the largest companies that supply parts for the Dreamliner, were down only marginally.

The Federal Aviation Administration grounded all Dreamliners on January 16 after a string of fires linked to the jet's batteries. The planes were grounded for more than three months.

(Reporting by Rodrigo Campos and Chuck Mikolajczak; Editing by Bernadette Baum)

 
Emergency crew surrounds a Boeing 787 Dreamliner, operated by Ethiopian Airlines, which caught fire at Britain's Heathrow airport in this July 12, 2013 still image taken from video. REUTERS/Pool via Reuters TV