Here’s some insight from the inside for you. There are two US military NGAD contracts. One for the Navy and one for the Air Force. There are only two companies bidding for the USAF contract Boeing & Lockheed. The USN contract is Boeing, Lockheed, and Northrup.
Boeing’s defense production hub is in St. Louis for air dominance. Boeing bought out KLX in 2018, (massive, small machined parts and kit distributor). They bought out what was GKN aerospace who produced many composite materials and assemblies. They are building a massive 1.8M square foot complex right next door to the older production building where they made the F15 and the F18. Just last year they sent an email to all employees in STL to vote on a new STL Boeing logo.. There is an unnamed, unrecognizable aircraft silhouette at the top of the logo with the other main Boeing defense related aircraft. It looks like a triangle UFO.
What do you think is going to happen and why there is so much movement in STL?
Basically there are billions of dollars in next generation fighter and the US military is replacing the F22. There are two major contracts that boeing is competing on and is already building a 1.8 million square foot facility and they changed their logo with a new aircraft on it. Reading signs would say, hey. They’re probably going to win one of the two if not the two contracts in some capacity or they wouldn’t be investing billions into this.
It was supposed to be last year but god delayed because of executive administration change. They haven’t announced yet.
With the kickstart of Boeing’s commercial backlog (over $400 billion) beginning and the strike in the past. I think getting awarded one of the contracts is going to make the stock outlook soar back to pre covid times barring no defective or neglectful practices in the commercial news space.
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u/Ambitious_Curve_6854 Feb 10 '25
What made you buy into them if you don't know what they do?