Boeing (BA) Shares Rise After Securing $616 Million Defense Contract

Jan 07, 2025

Boeing's (BA, Financial) stock saw an increase of over 1.4%, reaching $173.2. This uptick follows the announcement that the company has secured a significant contract from the U.S. Department of Defense. The contract, valued at $616 million, is for the Eagle Passive Active Warning Survivability System (EPAWSS).

This contract highlights Boeing's ongoing relationship with the U.S. military and its role in providing advanced defense systems. The EPAWSS is a critical component, enhancing the survivability and situational awareness of military aircraft.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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