Boeing (NYSE:BA) has completed the Preliminary Design Review of its Commercial Crew Space Transportation vehicle.

Boeing Finalizes Preliminary Design Review

Boeing (NYSE:BA) has announced that it has completed a Preliminary Design Review (PDR) of its integrated Commercial Crew Space Transportation system.

The integrated system includes the Crew Space Transportation (CST)-100 spacecraft and will provide the United States with the capability to transport people and cargo to the International Space Station (ISS), the Bigelow Space Complex and other destinations in low Earth orbit.

John Mulholland, vice president and program manager, Boeing (NYSE:BA) Commercial Programs, said that, “The progress made by the Commercial Crew team has been outstanding. It is clear that this team has the discipline and the right design, test and safety approaches and processes to ensure a safe, reliable and affordable transportation system by the middle of the decade. Boeing (NYSE:BA) is leveraging not only the enduring spaceflight capabilities resulting from our 50-year heritage supporting human spaceflight, but also our contemporary expertise and experience, to achieve milestones toward the future of human spaceflight such as this PDR”.

Boeing Co. (NYSE:BA) shares were at 75.23 at the end of the last day’s trading. There’s been a 4.8% change in the stock price over the past 3 months.

Boeing Co. (NYSE:BA) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.65
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.54
Zack’s Rank: 2 out of 9 in the industry