Boeing Co is a leading aerospace company that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, and telecommunications equipment worldwide
The company serves a wide range of customers, including commercial airlines, government agencies, and defense organizations, providing innovative solutions for air travel and space exploration. Through its diverse portfolio, Boeing is involved in both commercial and military aircraft production, as well as technologies related to space and satellite operations, aiming to enhance global connectivity and advance aerospace technology. Additionally, Boeing engages in maintenance, repair, and logistics services to support its products throughout their lifecycle.
Two of the Dow Jones Industrial Average's 30 components make for no-brainer buys, while another brand-name member continues to suffer from self-inflicted wounds.
Shares of aerospace and defense technology solutions provider Astronics Corporation (NASDAQATRO)
jumped 24.3% in the morning session after the company reported impressive fourth quarter 2024 results that blew past analysts' EBITDA and revenue estimates. Sales rose nearly 7%, driven by double-digit growth in its Aerospace segment, which was impressive given anticipated headwinds related to Boeing's 737 production pause. Gross profit climbed over 25% as higher sales volumes and improved production efficiencies boosted margins.
Aerospace and defense technology solutions provider Astronics Corporation (NASDAQATRO) announced better-than-expected revenue in Q4 CY2024, with sales up 6.8% year on year to $208.5 million. Guidance for next quarter’s revenue was better than expected at $197.5 million at the midpoint, 2% above analysts’ estimates. Its GAAP loss of $0.08 per share was significantly below analysts’ consensus estimates.
Let's have a look at what is happening on the US markets in the middle of the day on Tuesday. Below you can find the top S&P500 gainers and losers in today's session.
Let's take a look at the S&P500 stocks that are experiencing notable price gaps in today's session on Tuesday. Discover the gap up and gap down stocks in the S&P500 index.
Boeing has been in a recovery after a disaster filled 2024 and its recent metrics for January 2025 indicate they edged out oligopoly rival Airbus once again.
Norwegian Air Shuttle ASA plans to acquire ten Boeing 737-800 aircraft from its leased fleet. The deal, set to finalize by Q1 2025, aims to lower ownership costs.
Vietnam's Prime Minister, Pham Minh Chinh, has committed to fast-tracking the licensing process for Tesla (NASDAQTSLA) and SpaceX CEO, Elon Musk's Starlink under a pilot scheme.
Aircraft leasing company FTAI Aviation (NASDAQFTAI) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 59.5% year on year to $498.8 million. Its GAAP profit of $0.84 per share was 6.1% below analysts’ consensus estimates.
Qatar Airways has accelerated its rollout of Elon Musk's Starlink in-flight Wi-Fi, surpassing its initial goals and now equipping over 50% of its Boeing fleet with high-speed satellite internet, with full deployment expected by mid-2025.
Over 20 civil service employees resigned from Elon Musk-associated DOGE, opposing efforts to dismantle critical public services under Trump's administration.
European defense stocks surge while American counterparts struggle due to Trump's calls for Europe to shoulder security burden and Pentagon budget cuts.
