Boeing May Delay 787 to 2012, Morgan Stanley Says

Boeing Co. may postpone the 787 Dreamliner’s entry into service for the seventh time, adding as much as a year to the three-year delay for the composite-plastic jet, Morgan Stanley said.

The plane may not be delivered to the first customer until 2012, because last week’s electrical fire during a flight test may prompt a redesign of software and hardware, Heidi Wood, a New York-based analyst with Morgan Stanley, wrote in a note today. She rates the shares “equal-weight.”