TLDR
- Boeing stock rose over 2% on Friday after news that CH-47 Chinook helicopters will be upgraded to launch drone swarms.
- The U.S. Army awarded Boeing a ~$324M Chinook contract, adding to its defense backlog.
- Boeing and Millennium Space Systems unveiled a new mid-class satellite platform targeting ~26 deliveries in 2026.
- Oak Harvest Investment Services increased its Boeing stake by 44.5% in Q4, to 28,933 shares worth ~$6.28M.
- Wall Street holds a “Moderate Buy” consensus on BA with an average price target of $252.48.
Boeing had a busy Friday. The stock climbed just over 2% as a string of defense and space developments caught the market’s attention.
The headline driver was news that the CH-47 Chinook helicopter is getting a major capability upgrade. Boeing is adding what the company calls “launched effects” — a broad term that covers drones, decoys, and even suicide drones — to the Chinook’s arsenal. These systems can be deployed from both crewed and uncrewed aircraft.
The Chinook has been in service for decades and continues to attract orders. This upgrade is designed to keep it competitive. The U.S. Army is among those reported to have shown interest in the new vertical-lift capabilities.
That interest is backed by real money. The Army recently awarded Boeing a ~$324 million Chinook contract, adding fresh weight to Boeing’s defense backlog. The program isn’t without uncertainty though — a lawmaker has raised questions about the future of the CH-47F Block II, and Boeing has been pushing for a stronger commitment from the Army.
Millennium Space Gets to Work
On the space side, Boeing and its subsidiary Millennium Space Systems announced a new mid-class satellite platform aimed at the “micro GEO” market. The platform targets both military and commercial customers, using Boeing’s payload systems alongside Millennium’s faster production model.
The goal is to deliver around 26 satellites in 2026. It’s a market Boeing has been pushing into, and Millennium’s production speed gives it a real edge as demand for communications satellites keeps growing.
Boeing’s last earnings report gave investors plenty to chew on. The company posted EPS of $9.92 for Q4, blowing past the consensus estimate of -$0.40. Revenue came in at $23.95 billion — up 57.1% year-over-year and above the $22.41 billion estimate.
Despite the blowout quarter, analysts still forecast a -$2.58 EPS for the current fiscal year, so the earnings picture is mixed heading into Q1 results, due April 22.
On the production side, Boeing is hiring 100 to 140 factory workers per week to scale up 737 MAX output and staff a new production line.
Institutional Interest Builds
Institutional investors own 64.82% of Boeing. Oak Harvest Investment Services raised its stake by 44.5% in Q4 to 28,933 shares worth roughly $6.28 million. Several other funds also added to their positions in Q3.
That buying comes alongside some insider selling. EVP Howard McKenzie sold 10,497 shares in February at $233.99 per share, and SVP Ann Schmidt sold 6,281 shares at $243.37. In total, insiders sold 21,012 shares worth about $4.98 million over the past 90 days.
Boeing opened Friday at $223.17. Its 52-week range runs from $156.47 to $254.35. The stock’s 50-day moving average sits at $219.27.
Analyst price targets range from $252.48 (consensus) up to $290.00 from Tigress Financial, which rates the stock a Buy. Susquehanna has a $280 target with a “positive” rating, and Royal Bank of Canada raised its target to $275 with an “outperform” rating.
El Al also expanded its 787 order by six jets this week, adding incremental demand to Boeing’s widebody backlog.
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