The other day it was disclosed that the Saudi wealth fund invested into several American institutions, one of which was Boeing ($713.70 million).
Around a similar time, Boeing won a $2.6 billion delivery of 1000 missiles to the Saudis.
With Boeing maintaining military contracts, simultaneously helping with NASA aircrafts (Space Force anyone?), and expanding its drone products in a market that is expected to grow substantially by 2026, how do you foresee the company evolving over the next few years? Boeing has a vast number of military products that they offer. Although their 10Q shows a loss in operations in Q1 in 2020 versus 2019 for defense, space and security, may COVID-19 encourage it to grow exponentially in one section, such as military aircrafts, versus another, such as commercial?
On Boeings Defense & Space Market Outlook 2019-2028, they estimate a ten-year forecast of: $2.5T market with a compound annual growth rate of 1.2%. Where 60% is in the US, with aircrafts making up only ~40% of that.
Will be curious to see how $BA responds on Monday, post the PIF announcement.
Submitted May 16, 2020 at 06:52PM by Demi_em https://ift.tt/2LwjaMf
