aerospace

Defense and aerospace stocks, as tracked by the iShares US Aerospace & Defense ETF (BATS:ITA) have returned a remarkable 22% year-to-date in 2024; an aerospace expert weighed in on whether companies can keep up with sky-high valuations fueled by tensions in the Middle East. The Aerospace...

Analysts regard Boeing Co.’s (NYSE:BA) plans to raise as much as $25 billion through a mixed offering of common stock as a “positive.” What Happened: Alongside this capital raise, the aerospace manufacturer has secured a $10 billion credit agreement with a consortium of leading...

Boeing Company (NYSE:BA) added large-scale layoffs to its list of troubles in 2024 as the company faces an ongoing strike of its unionized factory workers, government investigations, executive churn and mounting financial losses.  Boeing To Cut 17,000 Jobs: The aerospace giant announced Friday...

Rocket Lab USA, Inc. (NASDAQ:RKLB) has appointed Kenneth Possenriede to its Board of Directors. The announcement was made on Thursday. What Happened: Possenriede, who brings over 35 years of experience from Lockheed Martin Corp (NYSE:LMT), served in various financial leadership roles, including as...

Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks just under the surface and warrant attention. Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With...

Lockheed Martin Corp (NYSE:LMT) reported its first-quarter revenues and earnings ahead of expectations. The results came amid an exciting earnings season. Here are some key analyst takeaways from the release. Goldman Sachs On Lockheed Martin Analyst Noah Poponak reiterated a Sell rating while...

Boeing’s 737 Max 9 (NYSE: BA) is in the spotlight again, but for the wrong reasons, all 737s are grounded again. This has caused two airlines, United (NASDAQ: UAL) and Alaska (NYSE: ALK), to scramble due to the temporary removal of this model from their fleets. However, the 737 Max aircraft...

Boeing Co. (NYSE: BA) has found itself at the epicenter of a potential cybersecurity calamity, as the company divulged that it is conducting a thorough investigation into a severe digital threat. A cyber gang with established Russian affiliations demanded a ransom from...

Airbus SE (OTC: EADSY) is reportedly nearing the plans to name a new internal head of its commercial aircraft business. The European aerospace giant's potential reorganization could see Christian Scherer, its sales chief, taking the reins of the world's leading civil planemaking...

Space ETFs: as a matter of personal interest, but also of topical interest given the recent rise of the commercial space sector (not to mention increasing interest/news around UAP!), I thought it would be worth keeping tabs on the flow of investment (or underinvestment as it turns out) into...

Lockheed Martin Corp.'s (NYSE: LMT) business unit, Missile and Fire Control, clinched a contract involving Joint Air-to-Surface Standoff Missile (JASSM). The award has been offered by the Air Force Life Cycle Management Center, Eglin Air Force Base, FL. Valued at $750.6 million, the contract is...

Elon Musk-owned SpaceX competitor United Launch Alliance, or ULA, is reportedly up for sale. What Happened: ULA, a joint venture between Lockheed Martin Corp. (NYSE: LMT) and Boeing Co. (NYSE: BA), was launched in 2006 and is expected to be sold later this year, reported Ars Technica, citing...

Shares of L3Harris Technologies Inc (NYSE: LHX) have been on a downward trajectory over the past six months. The company is poised to benefit from geopolitics driving the Defense sector in 2023, according to Morgan Stanley. The L3Harris Technologies Analyst: Kristine Liwag upgraded the rating for...

Spirit AeroSystems Holdings, Inc. (NYSE: SPR) subsidiary, Spirit AeroSystems Inc, raised $900 million in a debt offering. Although the company is trying its best to diversify away from Boeing Co (NYSE: BA), it remains “mostly a 737 story,” according to BofA Securities. The Spirit...

The Retirement Systems of Alabama, the administrator of the pension fund for employees of the state of Alabama, loaded up on shares of Tesla Inc (NASDAQ: TSLA) and Home Depot Inc (NYSE: HD) during the third quarter of this year, according to Whale Wisdom. According to the website, the fund has...