This is why The Boeing Company (BA) is one of the Best Defense Stocks

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.

This is why The Boeing Company (BA) is one of the Best Defense Stocks

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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.

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