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Boeing secures orders for 20 777-9 planes from Qatar Airways and 20 737-8s from Macquarie AirFinance, amid positive 20-year industry outlook.

Why Is Boeing Stock Seeing Blue Skies Today?

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GE Aerospace and Oak Ridge National Laboratory collaborate to advance supercomputing capabilities for aircraft engine technologies like Open Fan.

GE Aerospace Invests In Supercomputing Talent: Plans To Hire 900 Engineers

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The Boeing Company forecasts 3% increase in airplane deliveries by 2043 with 44,000 new commercial airplanes needed. Emerging markets and single-aisle demand driving growth.

Boeing&#39;s Commercial Market Outlook Predicts Soaring Demand: 44,000 New Airplanes Needed By 2043

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Boeing Co (NYSE: BA) faces a critical situation as Washington state factory workers voted overwhelmingly for a strike mandate, demanding a 40% raise in their first negotiation with Boeing in 16 years. With 99% approval, this mandate underscores the workers&#39; resolve. However, they cannot strike until their contract expires on September 12.

Boeing Workers Vote For Strike Mandate

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Boeing&#39;s MAX deliveries has hurt earnings for airlines. This disruption has also led to a slowdown in pilot hiring.

Boeing&#39;s 737 MAX Crisis Ripple Effects Disrupt Airlines, Suppliers

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Boeing delivered 2nd core stage of SLS rocket to NASA, which will send humans around the moon for the first time in 50 years.

Boeing Delivers Critical Core Stage for NASA&#39;s Lunar Mission: Details

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A U.S. judge has set a swift schedule for addressing objections from the families of victims involved in two fatal 737 MAX crashes regarding Boeing Co.&#39;s (NYSE: BA) plea deal with the Justice Department. Boeing has agreed to plead guilty to criminal fraud conspiracy and pay a $243.6 million fine.

Judge Allots Time For Boeing 737 MAX Crash Victims&#39; Relatives To Object Plea Deal: Report

Boeing has reportedly initiated certification flight tests for its delayed 777-9 aircraft, with U.S. regulators onboard. The company revealed that the first flight occurred on July 12th after receiving Type Inspection Authorization. 

Boeing Commences Critical 777-9 Certification Tests With FAA Regulators Onboard: Report

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Lockheed Martin (LMT) shares up, Pentagon to resume accepting F-35s from troubled contractor later this month. Aerospace and defense ETFs trending up. LMT price at $461.84. AI-produced content. 

Lockheed Prepares For Takeoff, Pentagon Plans To Restart F-35 Deliveries: Report

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Raytheon, a business of RTX Corp, won a $1.2 billion contract to supply Germany with Patriot air and missile defense systems. Other US manufacturers also saw gains.

Raytheon Awarded $1.2B Patriot Contract For Germany As Ukraine Asks For Support

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The Boeing Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shares are trading higher on Tuesday. Boeing announced it has won contracts <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39907684/qatar-airways-announces-order-for-20-more-boeing-777-9-passenger-jets" rel="noreferrer noopener">from major airline operators</a>.
In particular, the company disclosed an order for 20 additional 777-9 planes from Qatar Airways.
The 777-9, the largest in its series, offers capacity for 426 passengers in a two-class setup and a range of 7,295 nautical miles (13,510 km), opening new growth opportunities for operators.
The order, increasing Qatar Airways&#8217; 777X fleet to nearly 100 planes, was finalized this year and remains listed as unidentified on Boeing&#8217;s Orders &amp; Deliveries website.
In a separate release, Boeing and Macquarie AirFinance revealed that the lessor had placed its first direct order for Boeing aircraft, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39904794/macquarie-airfinance-places-first-boeing-order-with-purchase-of-20-737-max-jets" rel="noreferrer noopener">purchasing 20 737-8s</a>.
This order doubles Macquarie AirFinance&#8217;s 737-8 holdings, previously acquired from ALAFCO in 2023.
The 737 MAX family supports fleet modernization with up to 20% reductions in fuel use and carbon emissions compared to older models.
The company has also received orders from various airlines, including <a target="_blank" href="https://www.benzinga.com//node/39877981" rel="noreferrer noopener">National Airlines</a>, <a target="_blank" href="https://www.benzinga.com//node/39878550" rel="noreferrer noopener">Korean Air</a>, and <a target="_blank" href="https://www.benzinga.com//node/39881143" rel="noreferrer noopener">Japan Airlines</a>.
Yesterday, Boeing disclosed that it forecasts a 3% increase in airplane deliveries over the next 20 years, estimating a need for nearly 44,000<a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39878752/boeings-commercial-market-outlook-predicts-soaring-demand-44-000-new-airplanes-needed-by-2043" rel="noreferrer noopener"> new commercial airplanes by 2043</a>.
The 2024 Commercial Market&nbsp;Outlook (CMO) forecasts that passenger air traffic will increase by an average of 4.7% annually over the next two decades compared to 2023.
Boeing stock has lost around 14% in the last 12 months. Investors can gain exposure to the stock via IShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and Invesco Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>).
<h2 class="wp-block-heading">BA Stock Prediction 2024</h2>
When buying a stock for a longer time horizon, it is important for investors to assess where they think the stock is headed in the future.
When mapping a stock's future trajectory, investors should consider factors including the future earnings expectations and expected performance against a benchmark.
Boeing&#8217;s revenue has grown at an average rate of 8.77% annually over the past 5 years. The average 1-year price target from analysts is $223.9, representing an expected 21.19% upside in 2025.
While past performance is not a guarantee of future results, investors should also look at a stock's historical performance when compared to both a benchmark index and the company's peers. Shares of Boeing have seen an annualized return of -6.88%, underperforming the S&amp;P500 index by 14.92%. This compares to 8.51% growth in the overall Industrials sector. Boeing has a beta of 1.26.
Price Action: BA shares are up 3.5% at $185.17 at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image by Miguel Lagoa via Shutterstock

GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) and Oak Ridge National Laboratory have teamed up under a new CRADA to boost supercomputing capabilities, aiming to advance next-generation <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39873885/ge-aerospace-and-u-s-department-of-energy-reach-agreement-to-expand-supercomputing-capability-for-" rel="noreferrer noopener">aircraft engine technologies like Open Fan</a>.
Oak Ridge National Laboratory, home to Frontier—the fastest supercomputer at over a quintillion calculations per second—is renowned for its advanced computing expertise.
Oak Ridge will enhance GE Aerospace&#8217;s ability to handle large simulations, extract data efficiently, leverage AI tools for better result interpretation, and improve physics visualization.
GE Aerospace plans to hire over 900 engineers in 2024 to drive innovation and support both current engine programs and future flight technologies.
The company developed computational fluid dynamics software for Frontier to model the aerodynamic and acoustic performance of its full-scale Open Fan engine.
Mohamed Ali, senior vice president of engineering for GE Aerospace said, &#8220;Supercomputing and access to Frontier is changing the way we design jet engines, allowing us to solve previously impossible problems. We&#8217;re now able to digitally fly components of an Open Fan at full-scale in a simulated environment before the hardware is built.&#8221;
&#8220;Our expanded research collaboration through a new cooperative agreement with Oak Ridge National Laboratory will accelerate our engine design and testing, building confidence that Open Fan architecture is the most promising engine technology to help the aviation industry meet its net zero ambitions.&#8221;
Today, Kratos Defense &amp; Security Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>) and GE Aerospace have signed a Memorandum of Understanding to develop and produce cost-effective small engines for unmanned <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g39877552/ge-aerospace-and-kratos-partner-on-small-affordable-engines" rel="noreferrer noopener">aerial systems and collaborative combat aircraft</a>.
The partnership builds on an existing joint development agreement and includes full-scale engine production.
Last week, GE Aerospace announced plans to invest over $1 billion over the next five years to expand its global Maintenance, Repair, and&nbsp;Overhaul (MRO) <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39860866/ge-aerospace-commits-1b-to-enhance-global-repair-and-overhaul-facilities" rel="noreferrer noopener">and component repair facilities</a>.
Earlier this month, the company disclosed that it had extended CEO Larry Culp's tenure until the end of 2027, with the option for <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39597343/steering-the-course-ge-aerospace-keeps-ceo-culp-at-the-helm-through-2027" rel="noreferrer noopener">an additional one-year&nbsp;extension</a>.
GE stock has gained over 80% in the last 12 months. Investors can gain exposure to the stock via IShares U.S. Aerospace &amp; Defense ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>)&nbsp;and TCW Transform Systems ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NETZ#NYSE">NETZ</a>).
Price Action: GE shares are up 0.51% at $159.94 premarket at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Unsplash/ Headway

The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) disclosed that it forecasts a 3% increase in airplane deliveries over the next 20 years, estimating a need for nearly 44,000 <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39869384/boeing-forecasts-demand-for-nearly-44-000-new-airplanes-through-2043-as-air-travel-surpasses-pre-p" rel="noreferrer noopener">new commercial airplanes by 2043</a>.
The global commercial fleet is expected to grow at an annual rate of 3.2%, slower than air traffic growth, as airlines enhance productivity by raising load factors and utilizing <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">airplanes for more hours each day</a>.
Boeing expects that emerging markets and global single-aisle market demand will be the main growth drivers for the industry.
By geographies, Boeing projects South Asia&#8217;s passenger traffic to grow by 7.4%, followed by Southeast Asia at 7.2% and Africa at 6.4%. Also, Eurasia will lead airplane deliveries with 22%, while North America and China will each account for 20%.
By 2043, single-aisle airplanes will comprise 71% of the fleet with 33,380 new deliveries, mainly for short- to medium-haul routes.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39818420/boeings-737-max-crisis-ripple-effects-disrupt-airlines-suppliers" rel="noreferrer noopener">Boeing&#8217;s 737 MAX Crisis Ripple Effects Disrupt Airlines, Suppliers</a>
The 2024 Commercial Market&nbsp;Outlook (CMO) forecasts that passenger air traffic will increase by an average of 4.7% annually over the next two decades compared to 2023.
Dan Abraham, senior vice president of Boeing Global Services Commercial Sales and Marketing, commented, &#8220;As airlines respond to robust passenger demand, the services market continues to expand, not only as a result of fleet growth, but also with an increased focus on reducing operating costs and deploying efficient and sustainable solutions.&#8221;&nbsp;
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39788122/judge-allots-time-for-boeing-737-max-crash-victims-relatives-to-object-plea-deal-report" rel="noreferrer noopener">Judge Allots Time For Boeing 737 MAX Crash Victims&#8217; Relatives To Object Plea Deal: Report</a>
Boeing forecasts a $4.4 trillion demand for commercial services, fueled by maintenance, modifications, and digital solutions that enhance efficiency.
Today, Woodward, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WWD#NASDAQ">WWD</a>) has been chosen to supply rotary actuation solutions for NASA and Boeing&#8217;s Transonic Truss-braced Wing (TTBW) <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g39876628/boeing-selects-woodward-to-design-innovative-rotary-actuator-for-the-nasa-sustainable-flight-demon" rel="noreferrer noopener">X-66A aircraft demonstrator</a>.
Last week, Boeing faced yet another challenge as Washington state factory workers voted overwhelmingly in favor of a strike mandate, amid the workers&#8217; demand for a 40% raise during their first <a target="_blank" href="https://www.benzinga.com/news/24/07/39836988/boeing-workers-vote-for-strike-mandate" rel="noreferrer noopener">full&nbsp;negotiation with Boeing&nbsp;in 16 years</a>.
Boeing stock has lost more than 16% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and&nbsp;Invesco Aerospace&nbsp;&amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>).
Price Action: BA shares are up 0.46% at $180.50 premarket at the last check Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Tada Images On Shutterstock.com
Read Next:
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</ul>

Boeing's Commercial Market Outlook Predicts Soaring Demand: 44,000 New Airplanes Needed By 2043

Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) faces yet another challenge as Washington state factory workers voted overwhelmingly in favor of a strike mandate, amid the workers' demand for a 40% raise during their first full <a target="_blank" href="https://www.benzinga.com/topic/boeing" rel="noreferrer noopener">negotiation with Boeing </a>in 16 years.
Union members, representing around 30,000 workers who manufacture Boeing's 737 MAX and other jets, had cast their votes in Seattle's T-Mobile Park.
The mandate, which has more than 99% approval, highlights the workers' determination. However, Reuters reported that they cannot strike before their contract expires on September 12.
Boeing's labor negotiations are unfolding as the company grapples with <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39694403/why-boeings-shares-are-flying-lower-on-tuesday" rel="noreferrer noopener">losing market share</a> to Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>) and dealing with a crisis following a <a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36523143/im-going-to-die-passengers-experience-15-minute-nightmare-during-alaska-airs-harrowing-emergency" rel="noreferrer noopener">mid-air incident involving</a> Alaska Air Group Inc's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) 737 MAX and other legal issues.
North American unions have leveraged tight labor markets to secure substantial contracts, with pilots, auto workers, and others achieving significant raises.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39818420/boeings-737-max-crisis-ripple-effects-disrupt-airlines-suppliers" rel="noreferrer noopener">Boeing's 737 MAX Crisis Ripple Effects Disrupt Airlines, Suppliers</a>
Union local president Jon Holden of the International Association of Machinists and Aerospace Workers (IAM) criticized Boeing's executive decisions, stating they jeopardize workers' livelihoods.
Holden emphasized the importance of the vote, noting it empowers the negotiating committee and sends a powerful message.
Boeing, referencing an earlier statement, expressed confidence in reaching a deal that meets both employee needs and business realities.
The strike mandate allows the union to allocate funds for potential future strikes, with workers ready to take action if necessary.
Boeing employs over 66,000 people in Washington state, contributing to programs like the MAX, 767, and 777 jets.
Boeing stock has lost more than 12% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and&nbsp;Invesco Aerospace&nbsp;&amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>).
Price Action: At the last check on Thursday, BA shares were trading higher by 0.09% at $184.99 in the premarket.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/07/39788122/judge-allots-time-for-boeing-737-max-crash-victims-relatives-to-object-plea-deal-report" target="_blank" rel="noreferrer noopener">Judge Allots Time For Boeing 737 MAX Crash Victims' Relatives To Object Plea Deal: Report</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

The midair incident in January involving a<a href="https://www.benzinga.com/government/24/02/36965801/boeing-737-max-door-plug-that-flew-off-alaska-air-flight-missing-4-key-bolts-preliminary-ntsb-report"> door panel blowing off an Alaska Air Group Inc</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) operated Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) 737 MAX 9 jet, leading the carrier to ground its MAX 9 fleet has had a domino effect on all aspects of aviation industry.
This single incident has led to inflating costs for those dependent on Boeing and straining airlines&#8217; operations, reported Reuters.
The resulting <a href="https://www.benzinga.com/markets/equities/24/05/39058924/boeings-production-slowdown-sends-shockwaves-through-aerospace-supply-chain">slowdown in Boeing&#8217;s MAX deliveries </a>has hurt earnings for airlines like Southwest Airlines Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) and various suppliers, while also causing inconvenience and stranding passengers.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/07/39788122/judge-allots-time-for-boeing-737-max-crash-victims-relatives-to-object-plea-deal-report">Judge Allots Time For Boeing 737 MAX Crash Victims&#8217; Relatives To Object Plea Deal: Report</a>
Southwest Airlines and other carriers have had to fly fewer routes and face increased costs. With a significant impact on its earnings, Southwest has decided to focus on more profitable markets, exiting Bellingham which contributes about 40% of passenger traffic and three other airports.
This disruption has also led to a slowdown in pilot hiring and strained resources for airlines relying on new aircraft.
Boeing, the largest U.S. exporter, employs nearly 150,000 people and supports millions more through its supply chain. The company contributes about $1 trillion annually to the U.S. economy, supporting over 5 million jobs. 
Under regulatory pressure, Boeing has committed to prioritizing safety over speed, <a href="https://www.benzinga.com/markets/equities/24/05/39115731/boeings-737-max-production-freeze-remains-as-faa-demands-safety-overhaul">slowing down jet production</a>. 
In the first half of 2024, Boeing delivered 175 jets, a 34% decrease from the previous year, and 46% fewer than its European competitor, Airbus. 
This slowdown has delayed benefits for suppliers and impacted airlines&#8217; preparation and infrastructure costs.
U.S. budget carrier Allegiant Travel Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) reported that delivery delays are costing it about $30 million annually. 
United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) and American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) have reduced their hiring plans due to fewer aircraft deliveries. 
Since the January incident, Boeing has implemented major <a href="https://www.benzinga.com/news/24/01/36711456/us-aviation-watchdog-recommends-expanded-checks-on-boeing-737-fleet-after-max-9-door-plug-incident">management changes and increased inspections</a> at its facilities and those of its suppliers. 
Boeing stock has lost more than 11% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and Invesco Aerospace&nbsp;&amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>)
Price Action: BA shares are trading lower by 0.52% at $185.09 in premarket at last check Wednesday.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Boeing's 737 MAX Crisis Ripple Effects Disrupt Airlines, Suppliers

The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) has delivered the second core stage of the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39805359/boeing-delivers-rocket-stage-to-nasa-will-launch-first-humans-around-the-moon-since-apollo" rel="noreferrer noopener">Space Launch System (SLS) rocket to </a><a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39805359/boeing-delivers-rocket-stage-to-nasa-will-launch-first-humans-around-the-moon-since-apollo" rel="noreferrer noopener">NASA</a>.
Built at NASA&#8217;s Michoud Assembly Facility, this stage will send the Artemis II crew into lunar orbit for the first time in 50 years.
The Boeing-built rocket stage, the largest component of the Artemis II mission, will be transported 900 miles to NASA&#8217;s Kennedy Space Center via the Pegasus barge.
Upon arrival at Kennedy Space Center, the core stage will be integrated with the upper stage, solid rocket boosters, and NASA&#8217;s Orion spacecraft in the Vehicle Assembly Building.
Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39729101/boeings-turbulence-sends-kaiser-aluminums-short-interest-soaring-to-12-month-high" target="_blank" rel="noreferrer noopener">Boeing&#8217;s Turbulence Sends Kaiser Aluminum&#8217;s Short Interest Soaring To 12-Month High</a>
This integration is a critical step in preparing for the Artemis II launch, scheduled for 2025.
The delivery of Core Stage 2 marks a significant milestone for the SLS rocket. Over 200 feet tall and powered by four RS-25 engines and two boosters, it will provide 8.8 million pounds of thrust for Artemis II and future missions.
Dave Dutcher, vice president and program manager for Boeing&#8217;s SLS program, said, &#8220;Boeing-built products helped land humankind on the moon in 1969, and we&#8217;re proud to continue that legacy through the Artemis generation.&#8221;
&#8220;Together, with NASA and our industry partners and suppliers, we are building the world&#8217;s most capable rocket and paving the way to deep space through America&#8217;s rocket factory in&nbsp;New Orleans.&#8221;
This week, Boeing reportedly commenced certification flight testing for its much-delayed 777-9 aircraft, with <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39767194/boeing-commences-critical-777-9-certification-tests-with-faa-regulators-onboard-report" rel="noreferrer noopener">U.S. aviation regulators onboard</a>.
Boeing stock has lost more than 12% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and&nbsp;Invesco Aerospace&nbsp;&amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>).
Also Read: <a href="https://www.benzinga.com/markets/equities/24/07/39788122/judge-allots-time-for-boeing-737-max-crash-victims-relatives-to-object-plea-deal-report" target="_blank" rel="noreferrer noopener">Judge Allots Time For Boeing 737 MAX Crash Victims&#8217; Relatives To Object Plea Deal: Report</a>
Price Action: BA shares are down 0.24% at $185.61 premarket at the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Company
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Boeing Delivers Critical Core Stage for NASA's Lunar Mission: Details

On Monday, a U.S. judge set a rapid schedule to address objections from the victims&#8217; families regarding the Justice Department&#8217;s plea deal with Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) on legal proceedings over its involvement in <a target="_blank" href="https://www.benzinga.com/news/24/06/39408346/boeing-737-max-crash-victim-families-call-for-25b-fine-as-ceo-dave-calhoun-gets-grilled-by-senators" rel="noreferrer noopener">two fatal 737 MAX crashes</a>.
The company recently agreed to plead guilty to criminal fraud conspiracy and <a target="_blank" href="https://www.benzinga.com/news/24/07/39658887/boeing-strikes-plea-deal-with-doj-for-defrauding-us-regulator-over-737-max-safety-victims-lawyer-cal" rel="noreferrer noopener">pay a $243.6 million fine.</a>
District Judge Reed O&#8217;Connor of Texas outlined that after the Justice Department files the plea agreement, relatives of the crash victims will have a week to file their objections, reported Reuters.
Following this, the government and Boeing will have two weeks to respond, with the families then having five days to file a final response.
Erin Applebaum, a lawyer representing some of the victims&#8217; families, criticized the deal as a &#8220;slap on the wrist&#8221; last week.
Boeing has agreed to plead guilty to conspiring to defraud the Federal Aviation Administration (FAA). The government accused the company of making false representations about crucial software for the 737 MAX.
This plea follows a <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39307378/boeing-insists-on-adherence-to-legal-agreement-post-737-max-crashes-report" rel="noreferrer noopener">breach of a 2021 deferred prosecution agreement</a>, according to the Justice Department.
The 737 MAX crashes in Indonesia and Ethiopia in 2018 and 2019 resulted in 346 deaths and led to a 20-month grounding of the aircraft.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/07/39690807/how-boeings-guilty-plea-could-impact-us-defense-contracts" rel="noreferrer noopener">How Boeing&#8217;s Guilty Plea Could Impact US Defense Contracts</a>
Judge O&#8217;Connor has previously referred as saying &#8220;Boeing&#8217;s crime may properly be considered the deadliest corporate crime in U.S. history.&#8221;
The Justice Department plans to file the plea agreement by July 19, though additional time might be required. Boeing has also committed to spending at least $455 million over three years to enhance <a target="_blank" href="https://www.benzinga.com/news/24/07/39670506/why-boeing-stock-is-moving-higher-monday" rel="noreferrer noopener">safety and compliance programs.</a>
The company&#8217;s board will meet with the victims&#8217; families as part of this deal. An independent monitor will oversee Boeing&#8217;s compliance, filing annual progress reports, and Boeing will be on probation for the monitor&#8217;s three-year term, the report further added.
In a related incident, a Boeing 737 MAX 9 jet experienced a panel blow-off during a <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39753512/senate-commerce-chair-cantwell-calls-boeing-ceo-calhoun-to-testify-amid-regulatory-oversight-con" rel="noreferrer noopener">January 2021 Alaska Airlines flight</a>, two days before the expiration of the deferred agreement that protected Boeing from prosecution for the earlier crashes.
Boeing is under a <a target="_blank" href="https://www.benzinga.com/markets/equities/24/05/39115731/boeings-737-max-production-freeze-remains-as-faa-demands-safety-overhaul" rel="noreferrer noopener">separate criminal probe </a>for this incident, which did not result in any serious injuries.
Boeing stock has lost more than 15% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and Invesco Aerospace&nbsp;&amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>).
Price Action: BA shares closed lower by 1.76% at $179.11 on Monday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Tada Images On Shutterstock.com
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</ul>

Judge Allots Time For Boeing 737 MAX Crash Victims' Relatives To Object Plea Deal: Report

Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) has reportedly commenced certification flight testing for its much-delayed 777-9 aircraft, with U.S. aviation regulators onboard.
The American plane maker announced this development in an emailed statement, noting that the initial flight occurred on Friday, July 12th night, following the receipt of Type Inspection Authorization (TIA), reported Reuters.
This step forward comes as Boeing strives to overcome various <a target="_blank" href="https://www.benzinga.com/trading-ideas/technicals/24/07/39671517/legal-turbulence-shakes-boeing-stock-is-there-more-altitude-ahead" rel="noreferrer noopener">production and legal challenges</a>, including a mid-air panel blowout on a <a target="_blank" href="https://www.benzinga.com/news/24/01/36812704/boeing-737-max-9-fiasco-will-hurt-the-entire-us-economy-aviation-expert-warns-i-think-is-totally-inc" rel="noreferrer noopener">737 MAX plane earlier this year</a>.
The U.S. Federal Aviation Administration (FAA), although not commenting on specific certification projects, mentioned that &#8220;Generally, this kind of thorough process takes many months.&#8221;
The 777-9 is a crucial component of the 777X project, aimed at enhancing the 777 wide-body jet. Despite its launch in 2013, the project has experienced numerous delays, particularly concerning certification.
The type inspection authorization signals the beginning of the certification phase, allowing FAA pilots to partake in necessary flight testing to approve the aircraft for standard operation.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/07/39690807/how-boeings-guilty-plea-could-impact-us-defense-contracts" rel="noreferrer noopener">How Boeing&#8217;s Guilty Plea Could Impact US Defense Contracts</a>
The chairman of Emirates, the largest customer of the 777-9, expressed in May that he does not foresee certification before the first quarter of 2025.
This timeline reflects the extensive and rigorous testing procedures the aircraft must undergo before gaining full operational clearance.
Boeing has highlighted that the 777-9 test fleet will be subjected to the most comprehensive commercial flight test effort in the company&#8217;s history.
Boeing stock has lost more than 13% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and Invesco Aerospace&nbsp;&amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>).
Price Action: BA shares closed lower by 0.87% at $182.31 on Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
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Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) shares are trading higher today. The Pentagon will reportedly resume accepting <a href="https://www.benzinga.com/insights/short-sellers/24/07/39699120/how-is-the-market-feeling-about-lockheed-martin">new F-35s next week</a>.
As per a report issued Wednesday, the service plans to select the builder of its next fighter jet later this year.
Gen. Kenneth Wilsbach, the head of Air Combat Command, said during an event on Wednesday, &#8220;Right now we&#8217;re very much focused on the TR-3 upgrade, software upgrade, to the [F-35] jet. And as you know, Lockheed Martin had some issues with stability of that software package.&#8221;
&#8220;So we&#8217;ve held up signing the jets over to the Air Force for the last&nbsp;few months. And so we&#8217;re very much focused on unwinding that hold up. And I&#8217;m hopeful that those jets will start to be delivered this month,&#8221;&nbsp;
Notably, in July last year, the government halted acceptance of new F-35s due to issues related to Technology Refresh-3, or TR-3.
Apart from this, recently, Lockheed Martin Aeronautics won a $520.4 million contract modification&nbsp;by the U.S. Air Force to produce the F-16 Viper Shield <a href="https://www.benzinga.com/markets/equities/24/07/39613212/lockheed-martin-secures-520m-air-force-contract-for-f-16-viper-shield-electronic-warfare-suite" target="_blank" rel="noreferrer noopener">electronic warfare suite</a>.
Also, Lockheed Martin&#8217;s top competitor, RTX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), won a&nbsp;$1.2 billion&nbsp;contract&nbsp;today to supply&nbsp;Germany&nbsp;with additional Patriot&nbsp;air <a href="https://www.benzinga.com/news/global/24/07/39733693/raytheon-awarded-1-2b-patriot-contract-for-germany-as-ukraine-asks-for-support" target="_blank" rel="noreferrer noopener">and missile defense systems</a>.
Investors can gain exposure to LMT via Global X Funds Global X Defense Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHLD#NYSE">SHLD</a>) and First Trust Exchange-Traded Fund First Trust Indxx Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MISL#NYSE">MISL</a>).
Aerospace and defense exchange-traded funds trended upward on Thursday. iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and Invesco Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>).
Price Action: LMT shares are up 0.52% at $463.89 at the last check Thursday.
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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<li><a href="https://www.benzinga.com/news/24/07/39700167/zelenskyy-lands-in-washington-as-nato-summit-puts-ukraine-aid-first" target="_blank" rel="noreferrer noopener">Zelenskyy Lands In Washington As NATO Summit Puts Ukraine Aid First</a></li>
</ul>

Raytheon, an RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) business, was awarded a&nbsp;<a href="https://www.benzinga.com/news/large-cap/24/06/39499796/nasa-faces-setback-as-rtxs-collins-aerospace-backs-out-of-spacesuit-deal">$1.2 billion&nbsp;contract </a>to supply&nbsp;Germany&nbsp;with additional Patriot&nbsp;air and missile defense systems.
The company did not specify the number of missiles that are included in the contract.
The deal is said to provide the most current Patriot Configuration 3+ radars, launchers, command and control stations, associated spares and support.
&#8220;Patriot remains the tried-and-true stalwart of air and missile defense, relied upon by our global customers to deter aggression and defend their interests,&#8221; Tom Laliberty, Raytheon&#8217;s president of land and air defense systems, said in a statement.
Also Read: <a href="https://www.benzinga.com/news/24/06/39322621/biden-zelenskyy-strengthen-ties-with-new-security-agreement-at-g7-summit">Biden, Zelenskyy Strengthen Ties With New Security Agreement At G7 Summit</a>
&#8220;With each additional Patriot system,&nbsp;Germany&nbsp;is enhancing its own air defenses and strengthening NATO&#8217;s defense posture.&#8221;
Raytheon has landed this contract as Ukrainian&nbsp;President&nbsp;Volodymyr Zelenskyy&nbsp;asked the 32-member North Atlantic Treaty Organization for more <a href="https://www.benzinga.com/news/24/07/39700167/zelenskyy-lands-in-washington-as-nato-summit-puts-ukraine-aid-first">air defense systems</a>, F-16 jets&nbsp;and further security guarantees at a summit in Washington.
Zelenskyy arrived in Washington on Monday evening, the same day that Russia released a barrage of missiles on Ukraine that destroyed numerous buildings throughout the country, including Ukraine's&nbsp;<a href="https://www.benzinga.com/news/24/07/39673768/russia-rains-missiles-on-ukraine-as-nato-readies-to-discuss-military-aid">largest children&#8217;s hospital</a>, and killed three dozen people.
Price Action: RTX saw a modest gain by Thursday&#8217;s mid-morning trading, while other U.S. missile manufacturers that have supplied munitions to Ukraine gave mixed reactions.&nbsp;
RTX ticked up 0.69% to $101.37.&nbsp;Lockheed Martin Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) slipped 0.18% to $460.16 and Northrup Grumman Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) gained 0.85% to $429.86.&nbsp;ITA
Aerospace and defense exchange-traded funds trended upward on Thursday.&nbsp;iShares U.S. Aerospace &amp; Defense ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) edged up 0.39 and&nbsp;Invesco Aerospace &amp; Defense&nbsp;ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>)&nbsp;rose 0.52%.&nbsp;SPDR S&amp;P Aerospace &amp; Defense ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XAR#NYSE">XAR</a>)&nbsp;gained 0.84%.
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Ukrainian President Volodymyr Zelenskyy arrived in Washington, D.C., as the North Atlantic Treaty Organization (NATO) summit got underway with providing long-term support for Ukraine in the<a href="https://www.benzinga.com/news/24/07/39678547/biden-slams-russian-missile-strikes-on-ukraines-largest-childrens-hospital-horrific-reminder-of-russ"> war against Russia </a>topping the agenda.
The Ukrainian leader will seek to shore up and boost allied support for&nbsp;his country, meet with President Joe Biden and deliver a major speech on the sidelines of the summit, CNN <a href="https://www.cnn.com/2024/07/09/politics/zelensky-ukraine-nato-summit/index.html">reported</a>. The U.S. promised "significant" announcements&nbsp;on&nbsp;Ukraine during the three-day global gathering&nbsp;that began Tuesday.
The country will fight for "decisive actions" from the U.S. and Europe at the summit, Zelenskyy said Tuesday in his first remarks since arriving in the U.S. capital.
Zelenskyy said Ukraine will ask for more air defense systems, F-16 jets and additional security guarantees, "including weapons and finances, political support," according to CNN.
Also Read: <a href="https://www.benzinga.com/news/24/06/39458304/man-behind-ukraines-naval-operations-reveals-how-drones-frightened-russian-fleet-in-black-sea-battle">Man Behind Ukraine&#8217;s Naval Operations Reveals How Drones &#8216;Frightened&#8217; Russian Fleet In Black Sea Battle</a>
Zelenskyy arrived in Washington on Monday evening, the same day that Russia released a barrage of missiles on Ukraine that destroyed numerous buildings throughout the country, including Ukraine&#8217;s <a href="https://www.benzinga.com/news/24/07/39673768/russia-rains-missiles-on-ukraine-as-nato-readies-to-discuss-military-aid">largest children&#8217;s hospital</a>, and killed three dozen people.
Ukrainian officials said the timing of Moscow's assault — a day before the start of the summit — was calculated, CNN reported. It was "a hello from Putin to all the NATO countries … making fun of us trying to follow red lines," as Ruslan&nbsp;Stefanchuk, the chair of Ukraine's parliament, said.
They also said the attack underscored the need for continued military support for Ukraine — and the ability to use those weapons to strike targets deep inside Russian territory.
Price Action:&nbsp;U.S. missile manufacturers that have supplied munitions to Ukraine gave mixed reactions on Tuesday.&nbsp;Northrup Grumman Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) declined 1.52% to close at $423.73, while&nbsp;RTX Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) ticked up 1.01% to $101.01.&nbsp;Lockheed Martin Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) slipped 0.32% to $460.30.
Aerospace and defense exchange-traded funds remained relatively flat on Tuesday.&nbsp;iShares U.S. Aerospace &amp; Defense ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) slipped 0.32% to $132.81 and&nbsp;Invesco Aerospace &amp; Defense&nbsp;ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>)&nbsp;slipped 0.38% to $102.85.&nbsp;SPDR S&amp;P Aerospace &amp; Defense ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XAR#NYSE">XAR</a>)&nbsp;declined 0.66% to $140.72.
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Photo: Shutterstock

Markets

ETFs

Zelenskyy Lands In Washington As NATO Summit Puts Ukraine Aid First

Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shares are trading lower after the company announced its June FY24 deliveries across its commercial and defense operations.
The aircraft manufacturer announced on Tuesday that it delivered <a target="_blank" href="https://www.boeing.com/company/about-bca#orders-deliveries" rel="noreferrer noopener">44</a> commercial jets in June, the highest monthly total this year, though this represents a 27% decline from the same period last year.
The company plans to boost production by year-end, despite facing supply chain issues and increased regulatory scrutiny following a mid-air incident with a 737 MAX 9 jet in January, reported Reuters.
The decrease in deliveries comes amid ongoing legal and production challenges. Boeing delivered more commercial jets in June than in any other month this year, the report highlighted.
On Sunday, the U.S. Justice Department announced that Boeing <a target="_blank" href="https://www.benzinga.com/news/24/07/39670506/why-boeing-stock-is-moving-higher-monday" rel="noreferrer noopener">agreed to plead guilty to a criminal fraud conspiracy</a> charge related to two fatal 737 MAX crashes in 2018 and 2019.
This development has raised concerns about Boeing&#8217;s<a target="_blank" href="https://www.benzinga.com/government/24/07/39690807/how-boeings-guilty-plea-could-impact-us-defense-contracts" rel="noreferrer noopener"> ability to secure government contracts</a>.
In June, Boeing delivered five 777 freighters, including two to Air China, marking the resumption of widebody deliveries to China after a regulatory review halted them in the spring, the report added.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39685172/us-regulator-orders-inspection-of-2-600-boeing-737s-over-oxygen-mask-concerns-amid-legal-woes" rel="noreferrer noopener">US Regulator Orders Inspection Of 2,600 Boeing 737s Over Oxygen Mask Concerns Amid Legal Woes</a>
The company also received 11 orders for 777 freighters in June, making it the third-highest month ever for the model, out of a total of 14 gross orders for the month.
After adjustments for the backlog, Boeing reported a net order total of negative 104 for June, bringing its gross order total for the year to 156 the report futther added.
After cancellations and conversions, the net total stands at 115 orders. Further accounting adjustments led to an adjusted net total of 26 orders for the year so far.
Boeing has <a target="_blank" href="https://www.benzinga.com/news/24/07/39670506/why-boeing-stock-is-moving-higher-monday" rel="noreferrer noopener">delivered 175 planes this year</a>, lagging behind its European competitor Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>), which delivered 323 airplanes in the first half of the year.
Boeing also announced that it secured 327 gross orders in the first six months of 2024, or a net total of 310 after cancellations.
Boeing stock has lost more than 13% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and Invesco Aerospace&nbsp;&amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>).
Price Action: BA shares are trading lower by 0.18% at $185.50 at last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
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Why Boeing's Shares Are Flying Lower On Tuesday

A 2024 election victory for ex-President Donald Trump could unleash a new wave of deregulation, <a href="https://www.benzinga.com/real-estate/reit/24/02/36933312/the-2024-showdown-trumps-deregulation-vs-bidens-healthcare-expansion-what-it-means-for-investors">according to Goldman Sachs</a>.
This would help companies in industries subject to strict rules and regulatory oversight, the firm&#8217;s analysts, Ronnie Walker and Alec Phillips, explained in a research note. Those sectors include energy (oil and gas), utilities, financials, healthcare, industrials, materials, and telecom. Conversely, consumer discretionary, consumer staples, technology, and real estate have less exposure.
Recall Trump&#8217;s recently proposed deal with leading oil and gas companies, where he offered to roll back environmental regulations in return for <a href="https://www.benzinga.com/news/24/05/38997165/trumps-policies-for-money-transaction-with-big-oil-under-investigation-by-senate-democrats-cronyism">$1 billion in campaign contributions</a>.
It&#8217;s worth noting, however, that the Biden administration presided over a record boom in oil and gas. Politico <a href="https://www.eenews.net/articles/what-bidens-oil-record-means-for-the-industrys-future/">reports</a> that Biden&#8217;s Interior Department, which oversees the federal oil program, outpaced Trump in approving new drilling permits.
But according to the Wall Street investment bank, &#8220;equity market sectors that might benefit from an easier regulatory environment generally saw relative strength alongside the changing presidential probabilities.&#8221;
<h3 class="wp-block-heading">ETFs To Watch </h3>
<ul>
<li>SPDR Oil &amp; Gas Exploration And Production (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>)</li>
<li>iShares U.S. Aerospace And Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITA#NYSE">ITA</a>)</li>
<li>SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>)</li>
<li>Invesco S&amp;P Smallcap Industrials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSCI#NYSE">PSCI</a>)</li>
<li>SPDR S&amp;P Telecom ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XTL#NYSE">XTL</a>)</li>
<li>Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</li>
<li>Health Care Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) </li>
</ul>
<h3 class="wp-block-heading">Focus Areas For Deregulation</h3>
During Trump&#8217;s previous administration, significant deregulatory actions targeted environmental and energy regulations, including lowering fuel efficiency standards and reducing environmental permitting requirements.
Energy companies even <a href="https://www.npr.org/2020/08/13/901863874/trumps-methane-rollback-that-big-oil-doesn-t-want">criticized</a> Trump who, in 2020, rolled back rules meant to reduce climate-warming methane emissions — far more potent than carbon dioxide. Shell, BP and the Exxon Mobil Corp disapproved of his decision.
Biden <a href="https://degette.house.gov/media-center/press-releases/biden-signs-legislation-invalidate-trump-administrations-methane-rule">reinstated</a> the methane emissions standards the following year. 
Should Trump win in November, he will likely roll back the Biden-era methane emission rules, Goldman&#8217;s analysts said.
Another apparent change, the firm notes, would likely be the resumption of LNG export permit approvals, which were paused under Biden.
Goldman Sachs expects a Trump administration to expand LNG exports, and reverse restrictions on greenhouse gas emissions. Additionally, there would likely be an expansion of oil leases on federal land and offshore energy development, and eased regulations on refineries.
In the utilities sector, a Trump administration would likely seek to modify recently finalized rules restricting CO2, mercury, and other pollutants from fossil-fuel-fired power generation. 
Regarding auto emissions, the administration would probably aim to relax limits set by the Biden administration, which automakers might meet by increasing the proportion of electric vehicles sold. Goldman Sachs also anticipates a tightening of domestic content requirements for electric vehicle subsidies and loosened criteria for energy credits to make it easier for less climate-friendly energy sources to qualify.
While antitrust enforcement officials in a potential Trump administration might continue pursuing some cases in the internet/tech sector, merger enforcement could ease compared to the current regime.
<h3 class="wp-block-heading">Financial Regulations</h3>
Financial regulation might also shift, with more rapid changes in consumer finance and more gradual adjustments in capital and liquidity requirements. 
A key area for potential changes is the "Basel III Endgame," which would raise capital requirements for large banks. However, the Federal Reserve and the Federal Deposit Insurance Corporation are independent of the White House, and their leadership terms do not automatically turn over with a new administration. 
For instance, Fed Vice Chair for Supervision Michael Barr's term runs through July 2026, and Chair Powell's term runs through May 2026, complicating the outlook and timing.
In contrast, leadership of the Consumer Financial Protection Bureau (CFPB) would likely change quickly under a Trump administration, benefiting consumer finance stocks.
Now Read:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39677621/ed-yardeni-downplays-recession-fears-but-warns-we-need-more-bears-to-keep-the-bull-">Ed Yardeni Downplays Recession Fears But Warns, &#8216;We Need More Bears To Keep The Bull Market Going&#8217;</a></li>
</ul>

Government

Regulations

Sector ETFs

New ETFs

Topics

Federal Reserve

PSCI

Trump's Deregulation Agenda: Oil & Gas, Defense, And Finance Stocks May Benefit From Loose Rules, Goldman Sachs Says

Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) is negotiating with the U.S. Defense Department to understand how its planned guilty plea could impact its <a href="https://www.benzinga.com/topic/boeing">substantial government contracts.</a>
This follows the company&#8217;s <a href="https://www.benzinga.com/news/24/07/39658887/boeing-strikes-plea-deal-with-doj-for-defrauding-us-regulator-over-737-max-safety-victims-lawyer-cal">agreement to plead guilty to a criminal fraud conspiracy </a>charge related to the two 737 MAX crashes in 2018 and 2019, which resulted in 346 deaths.
A guilty plea could potentially jeopardize Boeing&#8217;s ability to secure future contracts with government agencies, including the Department of Defense and NASA. 
However, these agencies can choose to waive any restrictions. The final terms of the deal are expected to be finalized by July 19, according to a report from Reuters.
Pentagon spokesperson Air Force Major General Patrick Ryder stated that the agency will evaluate Boeing&#8217;s remediation plans and agreement with the Justice Department to determine necessary actions to protect the federal government, according to Reuters.
Boeing&#8217;s Defense and Space unit, which had<a href="https://www.benzinga.com/news/earnings/24/04/38404308/boeings-737-saga-dents-q1-bottomline-ceo-emphasizes-improving-quality-safety"> $7 billion in first-quarter sales</a>, is critical to its business. Last year, U.S. government contracts made up 37% of Boeing's revenue, including foreign military sales. 
Also Read: <a href="https://www.benzinga.com/news/24/07/39685172/us-regulator-orders-inspection-of-2-600-boeing-737s-over-oxygen-mask-concerns-amid-legal-woes">US Regulator Orders Inspection Of 2,600 Boeing 737s Over Oxygen Mask Concerns Amid Legal Woes</a>
In 2022, Boeing held $14.8 billion in Pentagon contracts.
Boeing&#8217;s plea deal is <a href="https://www.benzinga.com/news/24/07/39683568/boeing-to-have-minimal-impact-of-guilty-plea-over-safety-failures-say-experts-settlement-gives-you-t3568/boeing-to-have-minimal-impact-of-guilty-plea-over-safety-failures-say-experts-settlement-gives-you-t">being closely watched globally</a>. The Canadian government is waiting for a decision on the legal proceedings before assessing its implications. 
Meanwhile, the acquisition of the Poseidon P-8A is continuing. The deal may also face scrutiny in other regions, such as the European Union and the U.K., where rules bar contractors with criminal convictions from bidding on public contracts for specific periods.
As part of the plea agreement, Boeing will pay a criminal fine of $243.6 million and <a href="https://www.benzinga.com/news/24/07/39670506/why-boeing-stock-is-moving-higher-monday">invest at least $455 million over three</a> years to enhance safety and compliance programs. 
An independent monitor appointed by the Justice Department will oversee compliance for three years.
Sen. Tammy Duckworth (D-IL) emphasized that despite the guilty plea, Congress must continue its oversight of Boeing and the FAA.
Boeing stock has lost more than 12% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and and&nbsp;Invesco Aerospace&nbsp;&amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>).
Price Action: BA shares are trading lower by 0.45% at $185.00 at last check Tuesday.
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Legal

How Boeing's Guilty Plea Could Impact US Defense Contracts

Russia mounted its largest missile <a href="https://www.msn.com/en-us/news/other/taking-aim-at-us-xi-jinping-urges-global-powers-to-facilitate-russia-ukraine-dialogue-during-meeting-with-hungary-s-viktor-orb%C3%A1n/ar-BB1pBcx2">attack on Ukraine</a> in months on Monday, hitting a children's hospital in Kyiv and other sites across the country, in an attack that killed at&nbsp;least 33 people&nbsp;and&nbsp;injured more than 100 people, according to Ukrainian officials.&nbsp;
The early-morning attack consisted of more than 40 missiles aimed at at least five cities across Ukraine, according to Ukrainian President&nbsp;Volodymyr Zelensky, the Wall Street Journal <a href="https://www.wsj.com/world/russian-missiles-hit-kyiv-childrens-hospital-in-deadly-attacksacross-ukraine-bdf51e48?mod=hp_lead_pos10">reported</a>.
At least two people were killed at Kyiv&#8217;s Okhmatdyt Children's Hospital when a missile hit the dialysis ward and caused heavy damage to the medical facility. Rescue workers were searching for people under the rubble into Monday afternoon.
Also Read: <a href="https://www.benzinga.com/government/24/06/39438195/ukraine-has-right-to-fire-back-at-russia-with-us-provided-munitions-as-kremlin-seeks-talks-with-whit">Ukraine Has Right To &#8216;Fire Back&#8217; At Russia With U.S.-Provided Munitions As Kremlin Seeks Talks With White House</a>
The strikes happened on the day before the North Atlantic Treaty Organization (NATO) summit in Washington. NATO is expected to discuss multiple measures, such as $40 billion in aid to Ukraine&#8217;s military, that are intended to show long-term help to Kyiv but exclude offering NATO membership.
Ukraine has long wanted to join the alliance as it complains about the slow delivery of air defenses and munitions from the West. Kyiv is worried a right-wing political uprise across Europe and Donald Trump possibly returning to the White House may further diminish the delivery of armaments from the U.S. and other NATO countries, according to Bloomberg.
Price Action: U.S. missile manufacturers that have supplied munitions to Ukraine have not moved much as of Monday&#8217;s mid-afternoon trading. Northrup Grumman Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) declined 0.51% to $432.51, while RTX Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) ticked uo 0.35% to $100.72. Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) has remained unchanged at $462.18.
Aerospace and defense exchange-traded funds also remained relatively flat into Monday afternoon. iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) inched up 0.40% and Invesco Aersospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>) slipped 0.50%. SPDR S&amp;P Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XAR#NYSE">XAR</a>) picked up 0.63% in mid-day trading.
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</ul>
Photo: <a href="https://www.shutterstock.com/g/hamara">Hamara</a> via Shutterstock

Andriy Yermak, Zelensky

Russia Rains Missiles On Ukraine As NATO Readies To Discuss Military Aid

Goldman Sachs analyst Noah Poponak stated that their analysis suggests that The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) (<a target="_blank" href="https://www.benzinga.com/quote/BA/analyst-ratings" rel="noreferrer noopener">Buy rating, $243 price target</a>) is expected to achieve 43 deliveries in June, comprising 34 737 MAX, three 787s, and six other aircraft.
Of these, around 26 of the 737 MAX deliveries are newly produced, with the remainder sourced from inventory. The numbers show an improvement in both total deliveries and production rates compared to earlier in the year, writes the analyst.
Boeing&#8217;s 2024 strategy starts with prioritizing product quality over immediate production ramp-up, intending to gradually boost output later in the year to meet demand, says the analyst.
Poponak says that June&#8217;s numbers mark a preliminary indicator that could support Boeing&#8217;s approach. Feedback from suppliers suggests that the company maintains monthly MAX deliveries in the 30s and mid-single digits for the 787, aligning with its strategic goals.
The analyst&#8217;s target price of $243 is based on achieving a 5.0% FCF yield on the projected 2025 free cash flow per share.
Poponak estimates EPS of $1.76 in FY24, $8.29 in FY25 and $13.52 in FY26.
However, the analyst cites risks related to air traffic growth pace, production ramp-up challenges in the supply chain, and operational performance in defense contracts.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39602971/boeing-receives-order-for-four-777-freighters-from-turkish-airlines" rel="noreferrer noopener">Boeing Receives Order For Four 777 Freighters From Turkish Airlines</a>
This week, Boeing entered into a definitive agreement to purchase Spirit AeroSystems Holdings, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>) at $37.25 a share, a 30% premium to Spirit&#8217;s<a target="_blank" href="https://www.benzinga.com/news/24/07/39578138/why-boeing-shares-are-moving-higher-monday" rel="noreferrer noopener"> closing stock price on February 29</a>.
Boeing stock has lost around 12% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>)&nbsp;and&nbsp;Invesco Aerospace&nbsp;&amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>).
Price Action: BA shares closed down 0.60% at $184.31 on Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
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<li><a href="https://www.benzinga.com/news/24/07/39597632/spirit-aerosystems-ceo-a-candidate-to-lead-boeing-investors-focus-on-top-post" target="_blank" rel="noreferrer noopener">Spirit AeroSystems CEO A Candidate To Lead Boeing? Investors Focus On Top Post</a></li>
</ul>

Analyst Color

Price Target

Reiteration

Analyst Ratings

Trading Ideas

Boeing Set For Improved Deliveries And Production Rates, Goldman Sachs Analyst Says

Wall Street is in great shape this year. The S&amp;P 500 has surged 14.5%, the Nasdaq Composite has jumped 18.1% and the Dow Jones has nudged up 3.8%, while the Rusell 2000 is up only 1%. In the ongoing bull market, technology stocks have been at the forefront, driven by an unexpected surge in artificial intelligence interest among investors.
However, with the rally expanding over the last few months, sectors beyond technology have started to reclaim prominence, indicating a widening of the market breadth. Analysts see more gains in the cards for Wall Street. However, many investors have overvaluation concerns after such a stupendous rally.
Against this backdrop, some investors may be a bit clueless about finding sectors that are currently hot. For them, we have presented four sectors that boast an upbeat Zacks Rank. These sectors and their ETFs could be great picks now.
<h3>Sectors &amp; ETFs in Focus</h3>
Against this backdrop, below we highlight a few sectors and their ETFs that could be up for gains in the third quarter. To do so, we depend on the Zacks Sector Rank.&nbsp;The Zacks Sector Rank is determined by calculating the average Zacks Rank for all the stocks in the sector and then assigning an ordinal rank to it.
For example, a sector with an average Zacks Rank of 1.6 is better than a sector with an average Zacks Rank of 2.3. So, the sector with the better average Zacks Rank would get a better Zacks Sector Rank. Zacks classifies all stocks into one of 16 sectors.
If a sector has the best average Zacks Rank, it would be considered the top sector (1 out of 16), which would place it in the top 1% of Zacks Rank Sectors. The top 8 Zacks Ranked Sectors would be in the top 50% of sectors, whereas the bottom 8 Zacks Ranked Sectors would be in the bottom 50% of sectors. The sectors mentioned below have upbeat Zacks ranks.
Let&#39;s find out!
<h3>Industrials &ndash; Zacks Sector Rank #2</h3>
The industrials sector is set to benefit as business conditions have improved and demand seems to be solid. About 70% of the industries fall under the top-ranked category. Electronics, procurement and fabrication, steel-pipe and tube, and engineering-R&amp;D services are some of the industries under this category.
The sector&#39;s forward P/E is currently 17.25X, lower than the S&amp;P 500&#39;s 18.51X. The sector&#39;s projected EPS growth is 8.27% versus 6.12% growth likely to be seen for the S&amp;P 500. Industrial Select Sector SPDR (ARCA:XLI) has a Zacks Rank #2 (Buy).
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ad/70032.jpg?v=1560007933" /> 
Image Source: Zacks Investment Research
<h3>Construction &ndash; Zacks Sector Rank #3</h3>
Thanks to the double whammy of high prices and still high mortgage rates,the U.S. housing sector is in the doldrums currently. But the overall construction sectorlooks attractive given that many of the underlying industries&#39; earnings estimates have seen more positive revisions than negative. Homebuilders, air conditioners and heating, wood, mobile homes and RV builders deserve special mention in this regard.
The construction sector is currently undervalued than the S&amp;P 500 and its projected EPS growth is higher than the S&amp;P 500. Investors can target Invesco Building &amp; Construction ETF (ARCA:PKB) to bet on the sector.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/12/70033.jpg?v=1998333387" /> 
Image Source: Zacks Investment Research
<h3>Aerospace &ndash; Zacks Sector Rank #5</h3>
The sector&#39;s performance has been lackluster in 1H 2024, as it lost by 4.8%. The sector has been disliked by investors probably because it is slightly overvalued than the S&amp;P 500 and its historical EPS growth fell short of the S&amp;P 500.
However, the scenario may change in the coming days as the projected EPS growth rate of the aerospace industry is 18.19% (versus the S&amp;P 500). Currently, the fundamentals behind the sector are positive as the sector tends to benefit from rising geopolitical tensions, which result in increased defense spending worldwide.
The demand profile in the sector is on an upward trajectory. iShares U.S. Aerospace &amp; Defense ETF (BATS: <a class="ticker" href="https://www.benzinga.com/stock/ita#BATS">ITA</a>) has a Zacks Rank #2.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b1/70030.jpg?v=1424789890" /> 
Image Source: Zacks Investment Research
<a href="https://www.zacks.com/stock/news/2296154/3-sector-etfs-to-buy-for-q3?cid=CS-BENZ-FT-etf_news_and_commentary-2296154">To read this article on Zacks.com click here.</a>

Earnings

PowerShares ETF Trust Dynamic Building &nstruction Portfolio

3 Sector ETFs to Buy for Q3

Investors are zeroing in on Boeing Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) <a href="https://www.benzinga.com/24/07/39567358/boeing-to-acquire-spirit-aerosystems-for-4-7b-after-months-of-negotiations">acquisition of its supplier</a>, Spirit AeroSystems Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>), and whether it will affect the airplane manufacturer&#8217;s ongoing search for a new CEO.
What Happened: The search follows CEO Dave Calhoun&#8216;s announcement in March that he <a href="https://www.benzinga.com/news/large-cap/24/03/37911999/boeing-ceo-dave-calhoun-to-resign-in-2024-as-part-of-major-leadership-overhaul-eyes-of-the-world-a">would step down by the end of the year</a>. Potential candidates include Patrick Shanahan, Spirit AeroSystems&#8217; current CEO, Boeing COO Stephanie Pope, and board chair Steve Mollenkopf.
Patrick Shanahan, known for his previous tenure at Boeing where he earned the nickname &#8220;Mr. Fix-It,&#8221; is considered a significant contender for the CEO position, reported Reuters.
Shanahan took over as Spirit&#8217;s CEO last October, aiming to stabilize operations and improve cash flow. However, a January incident involving a<a href="https://www.benzinga.com/24/01/36750759/i-am-angry-says-alaska-airlines-ceo-on-boeing-737-max-9-mid-air-blowout-reveals-many-loose-bolts-fou"> mid-air panel blowout on a 737 MAX</a> has posed challenges to his turnaround plans.
Following the incident, Spirit committed to investing in autonomous technology, increasing mechanic training, and enhancing inspection processes. 
Also Read:<a href="https://www.benzinga.com/markets/equities/24/07/39570406/justice-department-moves-to-charge-boeing-over-fatal-crashes-report"> Justice Department Moves To Charge Boeing Over Fatal Crashes: Report</a>
Why It Matters: In May, Spirit announced <a href="https://www.benzinga.com/m-a/24/05/38894593/spirit-aerosystems-to-lay-off-hundreds-as-boeing-struggles-with-production">plans to lay off several hundred workers</a> in Wichita, Kansas, as part of efforts to shore up liquidity.
Despite these challenges, some industry insiders believe Shanahan&#8217;s long association with Boeing may affect his chances of securing the top job.
Boeing&#8217;s acquisition of Spirit AeroSystems, set to close by mid-2025, reflects broader changes within the company. Ernest Arvai, president of AirInsight Group, noted that while Shanahan&#8217;s deep ties to Boeing&#8217;s culture are evident, the company may need fresh leadership to drive cultural change. 
Price Action: Boeing stock has lost more than 11% in the last 12 months. Investors can gain exposure to the stock via IShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and Invesco Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>).
BA shares are trading lower by 0.43% at $185.90 in premarket at last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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</ul>

Spirit AeroSystems CEO A Candidate To Lead Boeing? Investors Focus On Top Post

GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) disclosed that it has extended CEO Larry Culp&#8217;s tenure until the end of 2027, with the option for an additional one-year <a target="_blank" href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0000040545/d156f8b6-106e-4fb1-8473-bb3d1ab8ed50.pdf" rel="noreferrer noopener">extension</a>.
Notably, Culp&#8217;s employment agreement was earlier scheduled to end on August 17, 2024.
The decision follows reports from two weeks ago that Larry Culp had declined an offer from The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) to become its CEO, reported Reuters.
Related: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39384624/boeings-search-for-new-ceo-persists-as-calhoun-faces-congressional-hearing" rel="noreferrer noopener">Boeing&#8217;s Search For New CEO Persists As Calhoun Faces Congressional Hearing</a>
As per the report, during his tenure, GE&#8217;s debt decreased by over $100 billion, cash flow quadrupled, and market capitalization grew by approximately $100 billion.
Recently, GE&nbsp;announced that the U.S. Army had accepted two T901-GE-900 engines for integration and testing on the UH-60 Black Hawk under&nbsp;the <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39553539/ge-aerospace-delivers-t901-engines-to-us-army-for-black-hawk-testing-details" rel="noreferrer noopener">Improved Turbine Engine Program</a>.
Also, GE Aerospace was in the headlines for developing a hybrid electric engine, aiming to power<a target="_blank" href="https://www.benzinga.com/news/24/06/39398463/ge-aerospace-aims-to-slash-carbon-emissions-in-sky-with-hybrid-electric-engines" rel="noreferrer noopener"> narrow-body jets by the mid-2020s.</a>
GE stock has gained over 85% in the last 12 months. Investors can gain exposure to the stock via IShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and TCW Transform Systems ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NETZ#NYSE">NETZ</a>).
Price Action: GE shares are up 1.18% at $160.84 at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
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<li><a href="https://www.benzinga.com/news/24/06/39398463/ge-aerospace-aims-to-slash-carbon-emissions-in-sky-with-hybrid-electric-engines" target="_blank" rel="noreferrer noopener">GE Aerospace Aims To Slash Carbon Emissions In Sky With Hybrid Electric Engines</a></li>
</ul>

Management

Steering the Course: GE Aerospace Keeps CEO Culp At The Helm Through 2027

Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) reportedly faces serious criminal charges from the U.S. Justice Department related to two <a target="_blank" href="https://www.benzinga.com/government/20/09/17529184/boeing-and-faa-share-blame-for-deadly-737-max-crashes-congressional-report" rel="noreferrer noopener">fatal 737 MAX crashes</a>, with the department expected to offer Boeing a plea agreement, which includes a substantial financial penalty and the imposition of an independent monitor to oversee the company&#8217;s safety and compliance practices for three years.
The Justice Department&#8217;s offer is non-negotiable, giving Boeing until the end of the week to respond. Should Boeing decline the plea deal, prosecutors plan to bring the company to trial, reported Reuters.
The decision to charge Boeing comes after the company <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39307378/boeing-insists-on-adherence-to-legal-agreement-post-737-max-crashes-report" rel="noreferrer noopener">allegedly violated a 2021 agreement </a>that shielded it from prosecution over the 2018 and 2019 crashes, which resulted in 346 deaths.
The plea agreement would compel Boeing to admit to conspiring to defraud the U.S. Federal Aviation Administration (FAA) regarding these incidents.
If Boeing agrees to the plea, it would face financial loss, including a $487.2 million penalty, only half of which is new since previous payments are credited.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/07/39567358/boeing-to-acquire-spirit-aerosystems-for-4-7b-after-months-of-negotiations" rel="noreferrer noopener">Boeing To Acquire Spirit Aerosystems For $4.7B After Months Of Negotiations</a>
The proposed agreement also includes potential restitution and a three-year probation period. Moreover, Boeing&#8217;s ability to secure government contracts, including those with the U.S. military, could be jeopardized, although companies with felony convictions can apply for waivers.
Victims&#8217; families were informed of the Justice Department&#8217;s decision during a call and expressed anger at the proposed plea deal, considering it <a target="_blank" href="https://www.benzinga.com/news/24/06/39408346/boeing-737-max-crash-victim-families-call-for-25b-fine-as-ceo-dave-calhoun-gets-grilled-by-senators" rel="noreferrer noopener">insufficient to hold Boeing accountable</a>.
The Justice Department&#8217;s push for a guilty plea follows recent safety concerns, including a <a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36526743/over-170-boeing-737-max-9s-grounded-as-alaska-air-passengers-recall-terrifying-incident" rel="noreferrer noopener">January incident where a panel blew off </a>a 737 MAX 9 jet during an Alaska Air Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) flight.
This incident occurred just days before Boeing&#8217;s deferred prosecution agreement from 2021 expired.
In June, U.S. lawmakers questioned Boeing&#8217;s CEO Dave Calhoun about the company&#8217;s safety record. Family members&#8217; lawyers referenced these criticisms in their <a target="_blank" href="https://www.benzinga.com/government/24/06/39387675/boeing-stock-grounded-after-ceo-testimony-to-congress-issues-before-us-today-have-real-human-consequ" rel="noreferrer noopener">push for tougher penalties and prosecution</a>.
Boeing stock has lost more than 13% in the last 12 months.&nbsp;Investors can gain exposure to the stock via&nbsp;IShares U.S.&nbsp;Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) and Invesco Aerospace&nbsp;&amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>).
Price Action: BA shares closed lower by 0.27% at $182.01 on Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Since 2022, the turbulent war landscape in many parts of the world has caused the demand for defense products and aircrafts to increase drastically...

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Geopolitical turmoil continues unabated. There is no end in sight for the conflict raging in Gaza, and similar can be said about the Russia-Ukraine war. Unfortunate though true, a world embroiled in various clashes does create an opportunity to invest in <a href="https://investorplace.com/industries/industrial/defense/">defense stocks</a>. The companies behind these &ldquo;Defense&rdquo; stocks sell weapons, defense systems, armored vehicles and drones to the U.S. government as well as its allies.



The iShares U.S. Aerospace &amp; Defense ETF (NYSEBATS:<a href="https://investorplace.com/stock-quotes/ita-stock-quote/">ITA</a>), for example, is a $6.1 billion exchange-traded fund that has investments in 39 different. public aerospace firms and defense contracts. The ETF has seen a resurgence since early October last year and is up more than 22% since then. 



Of course, not all defense firms are a sure bet these days. Below are 3 clear defense stocks that investors should sell before their share prices crash and burn.



<h2>Boeing (BA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/shutterstock_1212299986-300x169.jpg" alt="BA stock: a blue and white Boeing 787 flying in the sky above the clouds"><div>Source: vaalaa / Shutterstock</div></div>The plane-maker and defense contractor Boeing (NYSE:<a href="https://investorplace.com/stock-quotes/ba-stock-quote/">BA</a>) cannot seem to stay out of major headlines. In January, an Alaska Airlines Boeing 737-MAX-9 plane suffered an emergency door blowout that catapulted a series of investigations into the plane-maker&rsquo;s manufacturing quality and scale capabilities. Shortly after the incident, the U.S. Federal Aviation Administration (FAA) started a high-profile investigation. And on the FAA&rsquo;s <a href="https://www.faa.gov/newsroom/updates-boeing-737-9-max-aircraft">website</a>, they have written, &ldquo;[the agency] has halted production expansion of the Boeing 737 MAX, is exploring the use of a third party to conduct independent reviews of quality systems.&rdquo; Similarly, in early May, the FAA has also began a <a href="https://www.reuters.com/business/aerospace-defense/faa-opens-new-investigation-into-boeing-wsj-reports-2024-05-06/#:~:text=The%20FAA%20said%20it%20is,may%20have%20falsified%20aircraft%20records.%22">probe</a> into the production quality of Boeing&rsquo;s long-haul 787 Dreamliner jets. A model type that Boeing employees have been accused of falsifying safety documents.



Most recently, the U.S Justice Department has <a href="https://www.cbsnews.com/news/boeing-plea-deal-deferred-prosecution-agreement/">offered a plea deal</a> to the company for its role in the 2018 and 2019 737-MAX crashes, after the plane-maker had originally received a deferred prosecution agreement that had temporarily shielded it from criminal charges.



Boeing&rsquo;s share price has been amongst the worst performers in the industrial sector. The plane-maker&rsquo;s share price has plummeted more than 30% since the start of the year. Ongoing investigations, a potential criminal prosecution and further finding of criminal negligence could send shares plummeting even more.



<h2>Archer Aviation (ACHR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/11/achr1600-3-300x169.png" alt="Person holding mobile phone with web page of US eVTOL aircraft company Archer Aviation Inc. (ACHR) on screen with logo. Focus on center of phone display. Unmodified photo. Archer Aviation Stock Analysis"><div>Source: T. Schneider / Shutterstock.com</div></div>Archer Aviation (NYSE:<a href="https://investorplace.com/stock-quotes/achr-stock-quote/">ACHR</a>) is an electric vertical take-off and landing (eVTOL) manufacturer. eVTOL vehicles will be an interesting space within the urban transportation sector that investors should watch out for with enthusiasm. The idea is to provide travelers with an alternative, futuristic way in which to travel about a large urban dwelling. Most recently, the FAA has <a href="https://www.cnbc.com/2024/06/05/archer-aviation-faa-signoff.html">awarded</a> Archer Aviation&rsquo;s &ldquo;Midnight&rdquo; eVTOL with a significant certificate that will allow it to fly commercially. This was after two long years of filing various documents. Archer Aviation&rsquo;s Midnight is a four-passenger aircraft with a range of 100 miles. 



However, Archer Aviation&rsquo;s stock price has been disappointing. Shares have fallen 42.7% on a year-to-date basis. While Archer does have a <a href="https://www.cnbc.com/2021/02/10/united-airlines-orders-electric-vertical-aircraft-invests-in-urban-air-mobility-spac.html">partnership</a> with United Airlines (NASDAQ:<a href="https://investorplace.com/stock-quotes/ual-stock-quote/">UAL</a>), which has ordered several of Archer&rsquo;s eVTOL aircrafts, there is a lot of competition in the space, from Joby Aviation (NYSE:<a href="https://investorplace.com/stock-quotes/joby-stock-quote/">JOBY</a>), for example, and a lack of a pathway to profitability could keep shares trending downward. 



<h2>Mercury Systems (MRCY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/defense1600a-300x169.jpg" alt="defense stocks with dividend growth"><div>Source: Shutterstock</div></div>Mercury Systems (NASDAQ:<a href="https://investorplace.com/stock-quotes/mrcy-stock-quote/">MRCY</a>) is the final defense company to make this sell-list. In short, the firm manufactures and sells components, products, modules and subsystems to various companies within the defense and aerospace industry. Moreover, Mercury offers a variety of semiconductor components, including transceivers, switches and amplifiers as well as integrated circuit chips that compose different military technologies.



Unfortunately, Mercury has also suffered from a plummeting stock price and declining earnings. In particular, MRCY shares fell 26.2% for the year as of the end of trading last Friday. At the end of 2023, Mercury management had seen its revenue and earnings <a href="https://www.globenewswire.com/en/news-release/2024/02/06/2824704/18849/en/Mercury-Systems-Reports-Second-Quarter-Fiscal-2024-Results.html">decline</a> for its Q2 2024 results due to elevated program and manufacturing costs. Furthermore, Mercury <a href="https://finance.yahoo.com/news/mercury-systems-mrcy-q3-earnings-121800986.html">missed Wall Street estimates</a> in their Q3 2024 earnings report.



More dreadful earnings seasons could send MRCY shares plummeting even more than it has currently, which should signal to current investors that MRCY is one of the defense stocks they will want to sell while they still can.



On the date of publication, Tyrik Torres&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Tyrik Torres has been studying and participating in financial markets since he was in college, and he has particular passion for helping people understand complex systems. His areas of expertise are semiconductor and enterprise software equities. He has work experience in both investing (public and private markets) and investment banking.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-defense-stocks-to-sell-in-july-before-they-crash-burn/">3 Defense Stocks to Sell in July Before They Crash &amp; Burn</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.


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