As a pilot, I’m fascinated with all things related to aviation. I’m particularly fascinated when iconic American aircraft builders like Boeing (NYSE: BA) take great strides to disrupt a highly regulated industry.
Believe it or not, innovation is relatively muted in the aviation world. With a focus on safety, dependability and longevity comes a lot of red tape. Many of the aircraft flying today have changed little from 30 years ago, excluding some advances in technology, weather detection and GPS.
Innovation means pushing the boundaries of engineering, overcoming opposition and, unfortunately, dealing with failures from time to time. I believe Boeing’s minor setbacks earlier this year will prove to be trivial stumbling blocks and shares will move much higher.
At the heart of this story is the Boeing 787 Dreamliner. While it has been the butt of many jokes, the early…