Will a New Deal Boost Boeing Stock?
T = Trends for a Stock’s Movement
Boeing is an aerospace company. It focuses primarily on engineering, information technology, research and development, test and evaluation, technology strategy development, environmental remediation management, and intellectual property management. The company operates in five segments: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital Corporation.
Boeing is getting closer to reaching a fighter jet deal with South Korea, Reuters reports. A source familiar with the matter said that South Korean president Park Geun-hye has been told that Boeing’s bid was the only one that came in under budget. Lockheed Martin (NYSE:LMT) and Typhoon made bids as well, but were both over budget. Boeing’s F-15 Silent Eagle would replace the country’s older F-4 and F-5 jets.