Boeing's $20B Navy win adds to a string of defense and commercial orders. Here are the ETFs offering exposure to the aerospace giant.
Stung by a mechanics strike in 2024, the plane maker is trying to avoid a new work stoppage with its engineers and technicians.
The Department of War altered the dynamics of the aerospace sector on Sept. 29, awarding Boeing NYSE: BA a full-scale development contract for the Navy's F/A-XX sixth-generation fighter.
Boeing Co (NYSE:BA, XETRA:BCO) has been awarded a multi-billion-dollar US Navy contract to produce the F/A-XX, the service's first sixth-generation platform. The fighter is intended to replace the Navy's fleet of F/A-18 Super Hornets and is expected to advance open mission systems architecture, advanced mission systems, and operational reach and capacity.
Boeing's defense segment secured a key win for the aircraft maker.
Stock futures are hovering near unchanged after two straight days of losses for major indexes; the Fed's preferred measure of inflation is due this morning; Micron is scheduled to release results after the closing bell; Boeing shares are rising after it was selected to build a new Navy fighter; and shares of Cal-Maine Foods are sinking as falling egg prices weighed on the company's latest results. Here's what you need to know today.
Shares in the aerospace company rose close to 3% in premarket trading on Wednesday after the U.S. Navy selected it to develop its next-generation fighter jet.
Boeing's (NYSE: BA) shares surged 3% in premarket trading on September 30 after the Pentagon announced the company would develop the U.S. Navy's new strike fighter. However, a machine learning algorithm doesn't think the uptick is likely to result in a general rally over the coming weeks.
The U.S. Navy said Tuesday it awarded Boeing a contract to develop its next-generation fighter jets. The contract is worth more than $20 billion for the full-scale development phase.
The more than $20 billion award for F/A-XX adds to string of wins for company's defense business.
Boeing Co has been selected to build the US Navy's next-generation stealth fighter, the aerospace company's second consecutive major win on fighter jets, capping months of delay over a program that is central to countering China in the Pacific.
Boeing Co (NYSE:BA, XETRA:BCO) shares rose 2.2% on Tuesday, recovering some of Monday's roughly 6% drop, as UBS said the recent selloff has left the stock pricing in near-term setbacks while assigning little value to the company's normalized earnings power. The bank reiterated its Buy rating and said it continues to expect $20 billion in free cash flow in 2030.