Shares of Boeing have decreased 24% in the past year. Also, BA’s average price forecast of $213.33 represents a 28.96% upside potential from the current level. Analysts’ opinion on TipRanks suggests that Boeing stock could be a good buy.īA stock has a Strong Buy consensus rating based on 11 Buys and two Holds. Wall Street is highly optimistic about the prospects of Boeing. Notably, Boeing’s space ventures with NASA are under the Defense, Space & Security segment. It is evident from the above discussion that the success of the Artemis I mission is very critical for Boeing, as it would boost the company’s space business. The company said, “We’re providing both the brains and muscle to make the next generation of human spaceflight possible.” For NASA’s Artemis I mission, Boeing has provided the core and upper stages and avionics for the SLS moon rocket.Īlso, Boeing is the biggest contractor for the SLS rocket and has played a critical role in assembling rocket parts at Kennedy Space Center in Florida. The $98.2-billion company has expertise in making human space flights, satellites, rockets, missiles, launch systems, commercial airplanes, and military-grade aircraft. Also, a consolidated chart designed using TipRanks’ Stock Comparison tool and Wall Street’s take on the two tech companies is provided below. In light of this event, the contributions made by Boeing and Lockheed Martin in this project are briefly discussed below. The SLS rocket is equipped with technologies provided by Boeing and Lockheed Martin. This program is popularly known as NASA’s Artemis I mission. It is worth mentioning that NASA intends to fire its 98-meter tall SLS rocket into space, which will help to launch an uncrewed Orion spacecraft toward the moon. A NASA official, Mike Sarafin, said, “The vent valve wasn’t cooperating with us.” NASA noted that one of the four engines, installed in the main part of the SLS rocket, showed problems related to pressure and temperature. Despite this hurdle, we believe that the prospects of the two American aerospace behemoths, The Boeing Company ( NYSE:BA) and Lockheed Martin Corporation ( NYSE:LMT), tied to NASA’s project will stay intact. The National Aeronautics and Space Administration’s (NASA) plans to launch its moon rocket, Space Launch System (SLS), on Monday have been postponed due to some technical glitches with one of the four engines.
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