In the past year, shares of Boeing have increased 8.1% against the industry’s fall of 16.1%.
The Boeing Co. is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems.The Defense, Space and Security segment refers to the research, development, production and modification of manned and unmanned military aircraft and weapons systems for global strike, including fighter and combat rotorcraft aircraft and missile systems, global mobility, including tanker, rotorcraft and tilt-rotor aircraft, and airborne surveillance and reconnaissance, including command and control, battle management and airborne anti-submarine aircraft.
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BA Stock Price | Boeing Co. Stock Quote (U.S.: NYSE) | MarketWatch
- Open $201.12
- Day Range 200.87 - 205.87
- 52 Week Range 113.02 - 221.33
- Market Cap $120.28B
- Shares Outstanding 598.24M
- Public Float 597.16M
- Beta 1.53
- Rev. per Employee $426.97K
- P/E Ratio N/A
- EPS -$8.29
- Yield 0.00%
- Dividend $2.06
- Ex-Dividend Date Feb 13, 2020
- Short Interest 8.01M 02/28/23
- % of Float Shorted 1.34%
- Average Volume 6.47M
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Top stories
Boeing (BA) Wins $1.95B Contract for Apache AH-64E Production
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The Boeing Company BA recently clinched a $1.95-billion modification contract for Apache AH-64E production. The deal has been awarded by the U.S. Army Contracting Command, Redstone Arsenal, AL. The work related to this deal will be carried out at Mesa, AZ, and is expected to be completed by Dec 31, 2027... READ MORE
Boeing (BA) Wins $1.95B Contract for Apache AH-64E Production
The Boeing Company (BA - Free Report) recently clinched a $1.95-billion modification contract for Apache AH-64E production. The deal has been awarded by the U.S. Army Contracting Command, Redstone Arsenal, AL. The work related to this deal will be carried out at Mesa, AZ, and is expected to be completed by Dec 31, 2027.
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Importance of Apache Helicopters
The Apache family is the world’s most advanced and proven attack helicopter and represents the backbone of the U.S. Army’s attack helicopter fleet and a growing number of international defense forces.
Its strong demand can be gauged by the 1,200 aircraft in operation worldwide. Boeing’s global customers for the Apache include Egypt, Greece, India, Indonesia, Israel, Japan, Korea, Kuwait, the Netherlands, Qatar, Saudi Arabia, Singapore, the United Arab Emirates and the United Kingdom.
The AH-64E, the latest version of the AH-64 gunship, is a lethal, survivable and agile system. It provides the range, maneuverability and performance needed by ground forces and contributes to the current and future joint mission success.
Such remarkable features must have
led to the increased demand for this helicopter, resulting in a strong
inflow of orders for Boeing for Apache AH-64E helicopters, like the
latest one.
Growth Prospects
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Apart from the United States, nations are also fortifying their defense budget to modernize and upgrade their defense structure to deter any warlike situation. Military helicopters being an integral part of the defense landscape have witnessed a significant increase in demand. The demand may increase in the days ahead as nations strengthen their arms and ammunition.
Per the report from Business Research Company, the global military helicopter market is projected to witness a CAGR of 7.3% over the 2023-2032 period. This is likely to benefit BA, which enjoys a solid position in the military helicopter market. This may result in an inflow of orders for the company, like the latest one, boosting its revenue generation prospects.
Other defense players that boast a strong portfolio of military helicopters and tend to capitalize on the growing demand are as follows:
Lockheed Martin’s (LMT - Free Report) business unit, Sikorsky’s helicopter programs include Black Hawk, Seahawk, CH-53K King Stallion, the Combat Rescue Helicopter and the VH-92A helicopter.
Lockheed has a long-term earnings growth rate of 6.9%. Its investors have gained 5.9% in the past year.
Textron (TXT - Free Report) enjoys a leading position in manufacturing military helicopters. Its product portfolio includes Bell 360, V-280, AH-1Z, UH-1Y, etc.
Textron’s long-term earnings growth rate is pegged at 11.2%. Shares of TXT have returned 7.5% value to its investors in the past six months.
Airbus (EADSY - Free Report) offers a comprehensive range of military helicopters. Its helicopter portfolio comprises the H125M, H145M, AS565 MBe, H160M, H175M, etc.
Airbus boasts a long-term earnings growth rate of 12.4%. EADSY’s stock has appreciated 7.5% in the past year.
Price Movement
In the past year, shares of Boeing have increased 8.1% against the industry’s fall of 16.1%.
Image Source: Zacks Investment Research
Zacks Rank
Boeing currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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