Boeing Secures Contract to Support F/A-18 E/F & EA-18G Aircraft

The Boeing Company BA recently clinched a deal to support its F/A-18 E/F and EA-18G aircraft. The award has been provided by the Naval Supply Systems Command Weapon Systems Support, Philadelphia, PA.BA’s New Deal: Details to NoteThe contract, valued at $37.4 million, is slated to be completed by March 2027. According to the agreement, Boeing will repair 109 horizontal stabilizers used on the F/A-18 E/F and EA-18G aircraft.The work related to this deal will be carried out in Jacksonville, FL, and St. Louis, MO.Boeing’s Growth PotentialRising military conflicts, terrorism and border disputes, along with rapid technological advancements in combat jets, have led nations to increase their defense spending on combat-proven jets, which constitute an integral part of their defense structure, over the past decade.This is likely to have prompted the Mordor Intelligence firm to forecast a compound annual growth rate of 4.7% for the global military aviation market during the 2025-2030 period. These projections indicate significant growth opportunities for prominent aircraft manufacturers like Boeing, with its military jet portfolio consisting of combat-proven aircraft, such as the F-15EX, P-8, T-7A Red Hawk and C-17 Globemaster III.In particular, Boeing’s F/A-18 Block III Super Hornet provides cutting-edge, next-generation multi-role strike fighter capabilities and serves as the backbone of the U.S. Navy carrier air wing. The company’s EA-18G Growler is the most advanced airborne electronic attack platform and the only one currently in production. It offers improved survivability and electronic protection for ground, air and maritime combat troops.Opportunities for Other StocksOther aerospace companies that are likely to benefit from the expanding global military aviation market are discussed below:Northrop Grumman Corp. NOC: It is a leading provider of manned and unmanned air systems. It builds some of the world’s most advanced aircraft, like the E-2C Hawkeye 2000, E-2D Advanced Hawkeye, F-5 Tiger Fighter Jet and many more.Northrop has a long-term (three to five years) earnings growth rate of 3.3%. The Zacks Consensus Estimate for NOC’s 2025 sales indicates year-over-year growth of 2.8%.Lockheed Martin Corp. LMT: The company is among the leaders in the combat aircraft space, with its product portfolio constituting some of the most advanced military aircraft, such as the F-35 Lightning II, F-21, F-22 Raptor and F-16 Fighting Falcon.Lockheed boasts a long-term earnings growth rate of 10.5%. The Zacks Consensus Estimate for LMT’s 2025 sales implies an improvement of 4.7%.Embraer S.A. ERJ: The company offers a comprehensive portfolio of the most advanced aircraft in the combat market, which includes the A-29 Super Tucano, P600 AEW&C and the C-390 Millennium military multi-mission aircraft.The Zacks Consensus Estimate for ERJ’s 2025 sales indicates growth of 15.9%. The company delivered an average earnings surprise of 150.60% in the last four quarters.BA Stock Price MovementIn the past six months, shares of Boeing have risen 31.1% compared with the industry’s growth of 18.1%.Image Source: Zacks Investment ResearchBA’s Zacks RankBoeing currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Boeing Company (BA): Free Stock Analysis Report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report Embraer-Empresa Brasileira de Aeronautica (ERJ): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks