Shares of Boeing (NYSE: BA) fell out of bed Friday, dropping 6.5% by 9:40 a.m. ET after Reuters reported the company might be out of the running to sell Canada new fighter jets. For more than a decade, Canada has been weighing the merits of buying F-35 stealth fighter jets from Lockheed Martin (NYSE: LMT) to replace the aging CF-18 jet fighters that currently make up the bulk of its fleet.
The Boeing Company (BA) secures a $212.6 million modification contract for procurement of six MH47-G renew rotary wing aircraft and eight spare shipsets.
Lockheed (LMT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.