|Bid||339.040 x 800|
|Ask||339.130 x 800|
|Day's Range||336.600 - 340.940|
|52 Week Range||196.450 - 374.480|
|PE Ratio (TTM)||22.53|
|Earnings Date||Jul 24, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||6.84 (1.91%)|
|1y Target Est||398.13|
Lockheed Martin’s (NYSE:LMT) Missile and Fire Control (MFC) business division recently won a $364.6 million contract for Army Tactical Guided Missile and Launching Assembly Service Life Extension program. The segment was successful in clinching contracts worth $282 million for supporting PAC-3 missiles, $279 million for the delivery of PAC-3 missiles, and $200 million for upgrading THAAD and PATRIOT missiles.
As the spread between industrials and the rest of the S&P 500 Index widens, the largest exchange-traded fund tracking the sector is signaling that another market drop is on the horizon. The $11 billion Industrial Select Sector SPDR Fund, or XLI, historically has been “ridiculously, highly correlated” to the moves of the broader market, said Matt Maley, an equity strategist at Miller and Tabak & Co. This isn’t entirely surprising considering the fund’s 10 largest holdings include Boeing Co., Caterpillar Inc. and General Motors Co. But as those stocks have tumbled recently so has the ETF, which is down roughly 5.5 percent in the last 10 days. “If history is any guide, and the XLI breaks below its May lows anytime soon, it won’t be long before the S&P follows,” Maley said.
NEW YORK, June 22, 2018 /PRNewswire/ -- Boeing (BA) recently announced an additional grant award of $350,000 to "A Better Chance" (ABC) – a nonprofit organization working to increase the number of well-educated young minorities in the United States. Grant dollars will help fund the College Preparatory Schools Program (CPSP) and Alumni Relations program. "This additional investment, along with our previously announced commitment, will help lift up our young people and in turn improve our local communities," said Tim Keating, executive vice president of Government Operations at Boeing.
Elon Musk’s SpaceX has secured a coveted certification from the U.S. Air Force's for its Falcon Heavy rocket, according to CNBC. The certification was awarded to the SpaceX's heavy-lift rocket even before it was launched a second time, marking another significant achievement for Musk's company, which is known for its work on disruptive technology. In an earlier statement, the Air Force Space and Missile Systems Command mentioned that certifying the Falcon Heavy for national security and classified launches may require as few as two flights or as many as 14.
SpaceX landed a major military contract that will require launching the firm's Falcon Heavy rocket from Kennedy Space Center. The Hawthorne, Calif.-based rocket firm, owned by billionaire entrepreneur Elon Musk, on June 21 won a $130 million, two-year contract from the U.S. Air Force to deliver the classified Space Command-52 satellite into orbit, according to the U.S. Department of Defense. This will be SpaceX's first classified mission for the Falcon Heavy rocket, a launch vehicle outfitted with three Falcon 9 boosters.
|Upgrade||Societe Generale: Hold to Buy||4/26/2018|
|Upgrade||Vertical Research: Hold to Buy||4/26/2018|
|Initiated||Barclays: to Overweight||3/29/2018|
|Upgrade||Edward Jones: Hold to Buy||2/13/2018|
|Upgrade||Buckingham: Underperform to Neutral||7/28/2017|
|Upgrade||Credit Suisse: Neutral to Outperform||7/27/2017|
Industry: Aerospace & Defense
Full Time Employees: 140,800
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital. The Commercial Airplanes segment provides commercial jet aircraft for passenger and cargo requirements, and fleet support services, principally to the commercial airline industry. The Defense, Space & Security segment engages in the research, development, production, and modification of manned and unmanned military aircraft and weapons systems; strategic defense and intelligence systems, which include strategic missile and defense systems, command, control, communications, computers, intelligence, surveillance and reconnaissance, cyber and information solutions, and intelligence systems; and satellite systems, such as government and commercial satellites, and space exploration. The Global Services segment offers aviation services support, aircraft modifications, spare parts, training, maintenance documents, data analytics and information-based services, and technical advice to commercial and government customers. This segment also provides supply chain management and engineering support services; maintenance, modification, and upgrades for aircraft; and training systems and government services that include pilot and maintenance training. The Boeing Capital segment offers financing services and manages financing exposure for a portfolio of equipment under operating and finance leases, notes and other receivables, assets held for sale or re-lease, and investments. The company has a strategic partnership with Safran. The Boeing Company was founded in 1916 and is headquartered in Chicago, Illinois.