Boeing’s Chinook Windfall Can’t Stop NYSE:BA Stock Slide – Here’s Why
Defying logic—or maybe just Wall Street's fickle mood—Boeing shares keep losing altitude despite landing a major Chinook helicopter order. The defense contractor's paper gains vanished faster than a crypto trader's margin account.
Contracts Can't Cure What Ails BA
New military deals typically send defense stocks soaring. Not this time. The market shrugged off the Chinook news like a bored ape NFT collector ignoring utility tokens.
Institutional Jitters Outweigh Orders
Analysts whisper about supply chain ghosts haunting Boeing's production lines. Meanwhile, algorithmic traders treat BA like a meme stock—volatile, unpredictable, and prone to sudden nosedives.
One thing's certain: When even billion-dollar government contracts can't move the needle, you know investor confidence has crashed harder than a Terra stablecoin.
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Boeing will be supplying the United States Army with nine CH-47F Block II Chinook heavy-lift helicopters, which were purchased through two deals that added up to the aforementioned $461 million. This includes both Lot Four and Lot Five production schedules, and gives the Army access to 18 Block II Chinooks total.
The Army took on this new order as it looks to continue improving its heavy-lift helicopter lineup. The Chinook has reportedly proven very useful in the past as a troop carrier, as well as a cargo hauler and, periodically, for “special operations.” Moreover, it also demonstrates that Boeing is very much in lockstep with the Army’s vision for upgrade options and its overall “aviation strategy,” reports note.
New Face in Defense
Meanwhile, Boeing also has a new face in the Defense, Space and Security field, as Maria Laine has been installed as the head of business capture and operations. Reports note that Laine has over 30 years of service with Boeing, and was, previously, president for the United Kingdom, Ireland and Nordic region.
Of course, now, she may have a larger problem on her hands, given the strike that is now in its 80th day. Sadly, the announcement about her promotion to head of business capture and operations included little mention about what contact she will have with the strike, if any, and how it might be resolved. Because with the strike within shouting distance of its third month, something clearly needs to be done.
Is Boeing a Good Stock to Buy Right Now?
Turning to Wall Street, analysts have a Strong Buy consensus rating on BA stock based on 14 Buys and one Hold assigned in the past three months, as indicated by the graphic below. After a 38.33% rally in its share price over the past year, the average BA price target of $259.50 per share implies 20.81% upside potential.
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