<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The Boeing Company BA has recently signed an amendment contract for the provision of one-time technical assistance incorporating the initial capacity of Block III for the production of F / A-18E / F and EA-18G aircraft. Most of the work will be done in St. Louis, MO. "Data-reactid =" 11 ">The Boeing Company BA has recently signed an amendment contract for the provision of one-time technical assistance incorporating the initial capacity of Block III for the production of F / A-18E / F and EA-18G aircraft. Most of the work will be done in St. Louis, MO.

Of $ 75 million worth, the contract was awarded by the Navy Air Systems Command, Patuxent River, MD. Boeing is expected to finalize the transaction by March 2021.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "A brief note on the notes F / A-18 and E / A-18"data-reactid =" 13 ">A brief note on the notes F / A-18 and E / A-18

The Boeing Super Hornet F / A-18 Block III is a twin-engine, supersonic and all-weather multirole fighter. The US Navy air and tactical superiority aircraft is capable of practically all tactical spectrum missions, including air superiority, day / night strike with precision guided weapons, hunting escort, close air support, suppression enemy anti-aircraft defenses, maritime strike, reconnaissance, advanced air control, as well as oil tanker missions.

On the contrary, the EA-18G Growler is the most advanced Airborne Electronic Attack (AEA) platform, operating from an aircraft carrier or ground bases.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "What favors Boeing?"data-reactid =" 16 ">What favors Boeing?

Boeing, one of the leading players in the defense industry, stands out from the competition with its highly diversified programs, strong orders and backlog. The company's expertise is also based on programs related to a wide variety of components, aircraft repairs and modifications.

With Boeing's proven aerospace programs and associated services in combat, as well as the rapidly growing need for military aircraft and the growing geopolitical uncertainty around the world, the company is witnessing an influx constant Pentagon orders. These contracts, in turn, stimulate the growth of defense turnover.

Clearly, the third quarter 2018 revenues of the Boeing Defense, Space & Security (BDS) segment, which manufactures military jet aircraft such as F / A-18, EA-18 Growler and their associated components, increased by 13% to 5.73 billion dollars. Following the trend, we expect the last contract won to help this unit deliver similar superior performance over the next few quarters.

At the same time, the defense budget for the 2019 fiscal year has maintained provisions for major war investments, worth $ 21.7 billion for aircraft. Boeing, the largest aircraft builder in the United States, will certainly be a major beneficiary of the budget, which includes a $ 2 billion investment plan for the acquisition of 24 F / A aircraft -18E / F. These inclusions reflect the solid growth prospects of the BDS segment, which, in turn, should increase its profit margin.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Price movement"data-reactid =" 21 ">Price movement

In the last 12 months, Boeing's shares rose 11.3%, compared with 7% for the sector. This outperformance is mainly due to strong global demand for its commercial aircraft and jet aircraft.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Zacks Rank and other actions to consider"data-reactid =" 30 ">Zacks Rank and other actions to consider

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Boeing is currently wearing a Zacks Rank # 2 (Buy AeroVironment, Inc., AVAV, Teledyne Technologies Incorporated TDY and American Outdoor Brands Corporation AOBC, while AeroVironment and Teledyne Technologies rank 1st in the Zacks (strong buy), American Outdoor Brands holds the same rank as Zacks, you can see the complete list of current stocks of Zacks # 1. "data-reactid =" 31 "> Boeing is currently ranked as Zacks at rank 2 (buy) Other companies in the same sector include AeroVironment, Inc. AVAV, Teledyne Technologies Incorporated TDY and American Outdoor Brands Corporation AOBC. Teledyne Technologies rank Zacks 1 (strong buy), American Outdoor Brands holds the same rank of Zacks as Boeing. the complete list of current stocks of Zacks # 1.

AeroVironment has generated a positive average earnings surprise of 257.01% in the last four quarters. Zacks Consensus estimates for fiscal 2019 grew 8.8% in the north, to $ 1.48 per share over the past 90 days.

Teledyne Technologies had an average positive earnings surprise of 12.92% in the previous four quarters. Zacks Consensus estimates for 2019 increased 5.3% to $ 9 per share over the past 90 days.

American Outdoor Brands posted an average positive earnings surprise of 64.88% over the last four quarters. The Zacks consensus estimate for the 2019 fiscal year has been revised up 9% to 73 cents per share over the past 90 days.

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