Previous close | N/A |
Open | N/A |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's range | N/A - N/A |
52-week range | 350.00 - 350.00 |
Volume | |
Avg. volume | 0 |
Market cap | 214.17B |
Beta (5Y monthly) | 1.53 |
PE ratio (TTM) | N/A |
EPS (TTM) | -7.80 |
Earnings date | 24 Jul 2024 - 29 Jul 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
The Space Development Agency awarded Millennium Space Systems, a Boeing [NYSE: BA] company an award with a total potential value of $414 million to deliver the Fire-control On Orbit-support-to-the-war Fighter, also known as FOO Fighter, or F2. As the end-to-end operational prime, Millennium Space Systems will deliver a constellation of eight satellites with a ground system and perform mission operations.
Defense stocks have come under pressure as US lawmakers put spending under the microscope. The Gabelli Commercial Aerospace and Defense ETF Portfolio Manager Tony Bancroft and Baird Senior Analyst Peter Arment join Market Domination to discuss how to play the aerospace and defense sectors now. Bancroft says that "US defense spending is below historic averages," but President Biden's latest budget request has a notable increase in defense spending. Arment notes the US is trying to "recapitalize our entire military... that takes well over a decade to do." He says that part of that focus is new technology, meaning there are "a lot of opportunities for new companies to be brought into the industry," including Silicon Valley companies and those that are funded through private equity and venture capitalists. Both men note L3Harris Technologies (LHX), a company Arment says has a "multiyear growth story." They both like Boeing (BA), saying the company "makes safe planes." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
Southwest Airlines (LUV) stock is spinning out in Thursday's pre-market session, falling after the airline operator slashes its expectations for the number of Boeing 737 Max jets (BA) it will receive in 2024. Amid safety concerns and several probes by federal regulators, Boeing is experiencing a backlog in aircraft deliveries it has promised to operators. Morning Brief Co-Hosts Seana Smith and Brad Smith report on Southwest's earnings results and its capacity forecasts. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.