5 Best Defense Stocks That Will Skyrocket

In this article, we will list the 5 Best Defense Stocks That Will Skyrocket. Please visit 10 Best Defense Stocks That Will Skyrocket if you would like to see the extended list and the methodology behind it.

5. The Boeing Company (NYSE:BA)

Stock Upside Potential: 22.86%

Number of Hedge Fund Holders: 114

The Boeing Company (NYSE:BA) is one of the best defense stocks that will skyrocket. On April 14, The Boeing Company (NYSE:BA) confirmed it delivered 143 commercial aircraft in the first quarter of the year. The deliveries included 114 Boeing 737 aircraft, 15 Boeing 787 aircraft, 8 Boeing 777 aircraft, and 6 Boeing 767 aircraft.

The company’s Defense Space and Security division also reported deliveries. The orders included 17 AH-64 Apache helicopters, made up of two new aircraft, and 15 remanufactured units. Boeing also delivered two CH-47 Chinook helicopters, one new and one renewed.

On the other hand, the US Army has awarded the company a $324 million contract to deliver 6 CH-47F Block II Chinook helicopters. The new contract brings the total number of CH-47F Block II aircraft under contract to 24. It builds on the company securing a $1.19 billion, three-year contract to maintain and support the Army’s Apache attack helicopters and Chinook heavy-lift helicopters operated by Britain’s Royal Air Force.

In February, the company received initial qualification for 777-9 training devices. Consequently, the company is one step closer to conducting regulator-approved training on the Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA) issuing simulator qualification certificates.

The Boeing Company (NYSE:BA) manufactures combat and surveillance aircraft, cargo planes, satellites, weapons, and is advancing autonomous systems.