Stay Informed. Stay Competitive with FREE Insights on the Stock Market, Dow 30 & Emerging Opportunities. Get Free Email Updates

Stay Competitive With Stock Market Updates!

Get Free Updates

Boeing Loses Out On Missile Defense Deal

By John F. Heerdink, Jr.

Reportedly, Boeing (BA) lost on a Pentagon contract to develop a new interceptor to protect the U.S. against intercontinental ballistic missile threats.

“Boeing is disappointed the U.S. Missile Defense Agency did not advance our team to the next phase of competition in the development of the Next Generation Interceptor competition,” the company said in a statement.

Lockheed Martin and Northrop Grumman succeeded the Next Generation Interceptor contract for technology development and risk reduction, marking the first major defense procurement finalized under President Biden. Northrop’s contract is worth $3.9 billion through May 2026, and Lockheed’s is worth $3.7 billion through August 2025. The two defense giants will later compete against each other for a future procurement contract.

Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space, and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners and receive our FREE email updates throughout the week and view our exclusive content and research.

(Read Original Story: Boeing Shut Out From First Big Defense Deal Under Biden in Investor's Business Daily)


Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us