The Boeing Company (BA - Free Report) recently clinched a modification contract for the Low-Rate Initial Production of F-15 Advanced Display Core Processor II (ADCPII). Work related to the deal is scheduled to be over by Dec 28, 2021.
Details of the Deal
Valued at $91.3 million, the contract was awarded by the Air Force Life Cycle Management Center, Wright-Patterson AFB, Ohio. Per the terms of the deal, Boeing will provide for the production and integration of the ADCPII boxes into the F-15 platform.
Work related to this project will be executed at St. Louis, MI.
A Brief Note on F-15
Boeing’s F-15 Strike Eagle is a twin-engine, all-weather tactical fighter aircraft. Its proven design is unbeatable in air-to-air combat, with more than 100 aerial combat victories.
What’s Favoring Boeing?
With rising security threats across the globe, the developing economies like India, Qatar and a few more along with the developed nations like the United States and Europe are ramping up their arsenal. Being the largest jet maker, Boeing thus enjoys a smooth flow of contracts for military jets and its associated upgrades. The latest contract win is a bright example to the same.
These contract wins are providing a significant boost to the company’s defense business. Evidently, in fourth-quarter 2018, revenues at its defense segment — Boeing Defense, Space & Security (BDS) — increased a solid 16% year over year to $6.11 billion.
As Boeing’s key forte has been combat-proven aircraft and the global geo-political tension is on the rise, it has higher chances of winning military-jet related contracts from the Pentagon like the latest one.
Price Movement
In a year’s time, shares of Boeing have surged about 18.5% compared with the industry’s 0.6% rise.
Zacks Rank & Other Key Picks
Boeing currently sports a Zacks Rank #1 (Strong Buy). A few other prospective players in the same sector are AeroVironment, Inc. (AVAV - Free Report) , Heico Corporation (HEI - Free Report) and Hexcel Corporation (HXL - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AeroVironment’s long-term growth estimate currently stands at 25%. The Zacks Consensus Estimate for 2019 earnings has moved 16.67% north to $1.75 over the past 90 days.
Heico Corporation delivered average positive earnings surprise of 4.8% in the last four quarters. The Zacks Consensus Estimate for 2019 earnings has increased 2.9% to $2.14 over the past 90 days.
Hexcel Corp’s long-term growth estimate currently stands at 10%. The company delivered average positive earnings surprise of 0.7% in the last four quarters.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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The Boeing Company (BA - Free Report) recently clinched a modification contract for the Low-Rate Initial Production of F-15 Advanced Display Core Processor II (ADCPII). Work related to the deal is scheduled to be over by Dec 28, 2021.
Details of the Deal
Valued at $91.3 million, the contract was awarded by the Air Force Life Cycle Management Center, Wright-Patterson AFB, Ohio. Per the terms of the deal, Boeing will provide for the production and integration of the ADCPII boxes into the F-15 platform.
Work related to this project will be executed at St. Louis, MI.
A Brief Note on F-15
Boeing’s F-15 Strike Eagle is a twin-engine, all-weather tactical fighter aircraft. Its proven design is unbeatable in air-to-air combat, with more than 100 aerial combat victories.
What’s Favoring Boeing?
With rising security threats across the globe, the developing economies like India, Qatar and a few more along with the developed nations like the United States and Europe are ramping up their arsenal. Being the largest jet maker, Boeing thus enjoys a smooth flow of contracts for military jets and its associated upgrades. The latest contract win is a bright example to the same.
These contract wins are providing a significant boost to the company’s defense business. Evidently, in fourth-quarter 2018, revenues at its defense segment — Boeing Defense, Space & Security (BDS) — increased a solid 16% year over year to $6.11 billion.
As Boeing’s key forte has been combat-proven aircraft and the global geo-political tension is on the rise, it has higher chances of winning military-jet related contracts from the Pentagon like the latest one.
Price Movement
In a year’s time, shares of Boeing have surged about 18.5% compared with the industry’s 0.6% rise.
Zacks Rank & Other Key Picks
Boeing currently sports a Zacks Rank #1 (Strong Buy). A few other prospective players in the same sector are AeroVironment, Inc. (AVAV - Free Report) , Heico Corporation (HEI - Free Report) and Hexcel Corporation (HXL - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AeroVironment’s long-term growth estimate currently stands at 25%. The Zacks Consensus Estimate for 2019 earnings has moved 16.67% north to $1.75 over the past 90 days.
Heico Corporation delivered average positive earnings surprise of 4.8% in the last four quarters. The Zacks Consensus Estimate for 2019 earnings has increased 2.9% to $2.14 over the past 90 days.
Hexcel Corp’s long-term growth estimate currently stands at 10%. The company delivered average positive earnings surprise of 0.7% in the last four quarters.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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