Space: No Longer the Final Frontier for Boeing

The Boeing company stocks opened at $122.07 today at 4:03pm (Eastern Time) and saw a stable flight path for the most part, with a maximum fluctuation of only 1.25%. Considering their recent performance, this hardly comes as a surprise. Operating in the open market under the stock symbol BA, the Boeing Company has an annual market cap of $90.75 billion which puts it in the league of top grossing companies in the world. Boeing currently stands at number 30 on Forbes fortune500 list as well as 26^th on the list of the worlds most admired companies. A manufacturer and designer of fixed wing aircraft, rotor craft, satellites and rocket systems; Boeing has been significantly influential in the realm of aviation both in the US as well as elsewhere since the summer of 1916. Boeing’s revenues frequently earn it the honor of being the highest grossing US based exporter by dollar value, as well as the second largest US federal contractor.

The Boeing Company is split, for operational efficiency, into five divisions; Boeing commercial airlines, Boeing defense, space and security, engineering operations and technology; Boeing capital; and the Boeing shared services group. Being largely regarded as a company that delivers regularly and delivers big to all shareholders, Boeing stock is currently being regarded as a “buy” by stock market analysts. This is due to various internal and external stimuli. One such reason is the lead in terms of total aircraft sales that Boeing has recently acquired over its largest competitor, Airbus. When Airbus failed to finalize a crucial deal with an Italian Airline this march, the Boeing Company was busy closing supply agreements with major Canadian airlines and expanding production capacity to accommodate the doubled rate of production of its 737 and the newly launched 787. In the first quarter of this year alone, the Boeing Company was able to manufacture and ship 161 commercial airliners to its clients worldwide as well as 46 airborne warfare platforms, including the EA6B growler, the F/A-18 super hornet and Chinook troop transport and combat search and rescue helicopters. Based on volume and revenue alone this is a huge achievement; Consequently investor interest in the Boeing Company’s stock as well as the Boeing Company’s stock share prices have both soared.

Being a large contributor to America’s production industry, the Boeing Company is responsible for the generation of tens of thousands of jobs in its factories and assembly centers in the US alone. 1000 such employment opportunities were generated in the state of California when Boeing decided to relocate its Washington factory to create a more efficient and central location for manufacture and customer support; Hence garnering significant Investor interest on philanthropic grounds. So far quarterly reports suggest an 18% improvement in production capacities, providing further reason to assume more upward mobility in the Boeing Company stock graph.

One division not seeing the same prosperity as nearly all the rest is Boeing’s space exploration division, responsible for the design and manufacture of satellites and rocket systems largely employed for use by NASA. Since NASA, the Boeing Company’s largest customer for its space exploration products is in troubled waters regarding funding and government grants manufacturing, supply and sale of these products has reached a hiatus.