11 Best Military Technology Stocks to Buy Right Now

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1. The Boeing Company (NYSE:BA)

Number of Hedge Fund Holders: 106

The Boeing Company (NYSE:BA) is among the 11 best military technology stocks to buy right now. As of the close on February 20, the stock is a Strong Buy with an average share price upside potential of 20.11%.

The company has been in the news this week after receiving multi-billion dollar orders from three Vietnamese airlines for a total of 90 aircraft, amid ongoing negotiations between the Southeast Asian country and the United States over a new trade deal.

The agreements were signed during the visit of the leader of Vietnam’s Communist Party to the United States for the Board of Peace meeting.

These included a $22.5 billion deal with Sun PhuQuoc Airways for 40 787-9 Dreamliner jets and an $8.1 billion order from Vietnam Airlines for 50 737-8 aircraft. Moreover, budget airline Vietjet agreed to a $965 million financing deal with Griffin Global Asset Management to purchase 6 737-8 aircraft.

In other news, The Boeing Company (NYSE:BA) earlier this month secured a contract from the U.S. Air Force to provide a modernized flight deck for the C‑17A Globemaster III.

Under the terms of the agreement, the company will design, produce, and integrate a modernized flight deck for the aircraft, along with military certification. The C-17As will be equipped with modern, modular open systems architecture (MOSA), which will aid in ensuring smooth and affordable adoption of new capabilities.

The Boeing Company (NYSE:BA) is a leading aerospace company that manufactures commercial airplanes, space systems, and defense equipment for customers in more than 150 countries.

While we acknowledge the potential of BA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BA and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Meme Stocks to Buy Now and 10 Best American Defense Stocks to Buy According to Wall Street Analysts.

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