The Boeing Company (BA) Awarded $2.34 Billion Air Force Contract Modification

The Boeing Company (NYSE:BA) is among the 8 Best Drone Stocks to Buy for the Next 3 YearsAccording to a March 12 press release from the Department of War, the company has been awarded a $2.34 billion option exercise modification to an earlier Air Force contract for the E-7A Rapid Prototype Airborne Mission Segment.

The Boeing Company (BA) Awarded $2.34 Billion Air Force Contract Modification

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Work on the project will be performed at Washington, Oklahoma City, Huntsville, and Heath, with completion planned for the third quarter of 2032.

The Boeing Company (NYSE:BA) remains on analysts’ radar and currently sports a Strong Buy rating based on 14 analyst recommendations. As of the close of business on March 13, the stock has an average share price upside potential of 32%.

Recent updates include a March 6 update from Jefferies analyst Sheila Kahyaoglu reiterating the firm’s Buy rating on the stock with a price target of $295, amid reports that the company is nearing a 500-jet order from China ahead of President Trump’s upcoming official visit to Beijing.

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.

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