Boeing Co is a leading aerospace company that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and telecommunications equipment worldwide
The company serves a wide range of customers, including commercial airlines, government agencies, and defense organizations, providing innovative solutions for air travel and space exploration. Through its diverse portfolio, Boeing is involved in both commercial and military aircraft production, as well as technologies related to space and satellite operations, aiming to enhance global connectivity and advance aerospace technology. Additionally, Boeing engages in maintenance, repair, and logistics services to support its products throughout their lifecycle.
Lockheed Martin shares sold off on Friday after it was announced that Boeing was awarded a U.S. Air Force contract to design, build and deliver its next-generation fighter aircraft.
Curious about the top performers within the S&P500 index one hour before the close of the markets on Friday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
Shares of aerospace and defense company Boeing (NYSE:BA)
jumped 5.7% in the afternoon session after the company announced that it secured the contract to produce the next generation of fighter jets for the U.S. military, successfully outbidding competitor Lockheed Martin. The contract, known as Next Generation Air Dominance, or NGAD, is supposed to help build jets (F-47) that will accompany a future fleet of drone aircraft to protect the US against its adversaries. According to the press release, the contract is worth an estimated $20 billion.
Shares of security and Aerospace company Lockheed Martin (NYSE:LMT)
fell 7% in the afternoon session after the company lost the contract to produce the next generation of fighter jets for the U.S. military, which was awarded to Boeing. The contract, known as Next Generation Air Dominance, or NGAD, is supposed to help build jets ( F-47) that will accompany a future fleet of drone aircraft to protect the US against its adversaries. According to the press release, the contract is worth an estimated $20 billion.
Boeing Inc. (NYSE: BA) shares are trading higher Friday after the company secured a major U.S. Air Force contract for the Next Generation Air Dominance (NGAD) fighter jet.
Wall Street remains in the red heading into the end of the week, with major indexes posting modest midday losses in New York, though well off the session’s earlier lows.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at aerospace and defense stocks, starting with Cadre (NYSE:CDRE).
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how aerospace stocks fared in Q4, starting with Boeing (NYSE:BA).
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how TransDigm (NYSE:TDG) and the rest of the aerospace stocks fared in Q4.
