Joel Baglole has been a business journalist for 20 years. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Joel Baglole did not have (either directly or indirectly) any positions in the securities mentioned in this article. Positive news from its defense business could help provide an overall lift to the company’s business and its share price. Boeing’s shares continue to recover from the grounding of its 737 Max commercial aircraft following several mass casualty crashes.Īt its current price of $207 a share, the company’s stock remains 25% below its 52-week high of $278.57. BA stock has had a rocky time in 2021, up just 2% on the year following volatile trading. The company just announced plans to begin testing the hypersonic weapons capabilities for its B1 Lancer in September 2022.ħ Top Stocks to Buy on Any Dip If You Get the Chance in Q4īoeing is also developing new electronic warfare systems for the F-15 fighter jets that will enable them to operate hypersonic missiles. ![]() However, the company also has a thriving military business known as “Boeing Defense, Space & Security (BDS).” The defense unit, which is responsible for nearly half (45%) of the company’s annual revenue, makes military bombers, as well as attack aircraft – both airplanes and helicopters.Īnd Boeing is aiming to configure its B-1 Lancer bomber so that it can launch hypersonic missiles when used by the U.S. Stocks To Buy to Benefit From the Coming Hypersonic Spending Boom: Boeing (BA)Ĭhicago-headquartered Boeing is mostly known as the world’s leading manufacturer of commercial aircraft. Further successful tests could help to keep RTX stock buoyant. Scramjet engines compress incoming air before combustion to enable sustained flight at extremely fast hypersonic speeds. The use of a scramjet engine enabled Raytheon’s rocket to easily achieve speeds of Mach 5 during the test, positioning it well for future development and refinement. The company completed the first successful test flight of this scramjet-powered hypersonic missile at the end of September. On the hypersonic front, Raytheon is developing what it calls a “Hypersonic Air-breathing Weapon Concept (HAWC),” for the U.S. EPS came in at $1.26 compared to 56 cents in the year-earlier period and beat the consensus call for $1.08. The Waltham, Massachusetts-based company also reported mixed third quarter results, with its sales growing at an annualized 10% to $16.21 billion, but missing the consensus forecast from analysts of $16.36 billion. Over the last month, shares have inched up 2%. And unlike rival Lockheed Martin, RTX stock done well in 2021, up 30% year-to-date to more than $89 per share. Raytheon Technologies is another defense company that is heavily involved in the creation of hypersonic missiles for the U.S. Stocks To Buy to Benefit From the Coming Hypersonic Spending Boom: Lockheed Martin (LMT) Here are three defense stocks that should capitalize on the coming hypersonic spending boom by the U.S. grows its spending in this highly specialized area of defense, only a handful of companies are positioned to benefit.ħ Retail Stocks to Buy Regardless of Supply Shortages ![]() InvestorPlace - Stock Market News, Stock Advice & Trading TipsĪ study by consulting firm Deloitte forecasts that annual spending on hypersonic weapons will grow to $5 billion by 2025. “We are on schedule for the upcoming flight test of the full common hypersonic missile,” said Vice Admiral Johnny Wolfe Jr, Director, Navy’s Strategic Systems Programs, lead designer on the program, according to the report. 28 designed to power a launch vehicle carrying a hypersonic weapon aloft, Reuters reported. The Pentagon successfully tested a booster rocket motor on Oct. However, Congress and the Defense Department are racing to catch-up in a big way, allocating $3.8 billion in the latest budget from the Pentagon to develop hypersonic cruise missiles for use by all branches of the U.S. Currently, America trails rivals Russia and China in the development of hypersonic weapons. Today’s look at three stocks to buy focuses on the race to develop hypersonic missiles that can travel at ultra-fast speeds of between Mach 5 and 10, or five to 10 times faster than the speed of sound.
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