Aerospace stock Boeing (BA) kissed the ring earlier today, though in a metaphorical fashion, by way of an announcement from the BBC. Boeing is giving $1 million to an inauguration fund, joining several other major corporations who are kicking in to fund the inauguration. Investors were reasonably okay with this move, sending shares up fractionally in Friday afternoon’s trading.
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Boeing joined several other companies, including Alphabet (GOOGL), Meta Platforms (META) and Ford (F) in contributing to a fund to bring in the second Trump presidency. This is actually not new for Boeing, as it noted that it has made “similar donations to each of the past three presidential inauguration funds.”
Considering that Boeing has the contract to build the next Air Force One—and may actually come into service as early as next year, noted the BBC—it is not much of a surprise to see Boeing continue to give to the inauguration fund. This is especially true with the Air Force One contract, as well as a production cap from the Federal Aviation Administration (FAA) still in place over its operations.
….And Then The Front Landing Gear Just Collapsed
A report from Jalopnik, however, does Boeing few favors. A TUI flight going from Spain to Brussels found an unexpected issue when its front landing gear just suddenly collapsed. The flight was parked at the gate, which means no passengers were hurt—or even onboard—when the landing gear buckled. And, thankfully for Boeing, most experts agree that this was the fault of poor aircraft maintenance as opposed to something Boeing could have controlled.
Finally, Boeing—according to Executive Biz—brought in a new vice president. David Cade got promoted to vice president of the Boeing Defense global supply chain for major suppliers and strategic contracting. Given Boeing’s supply chain problems of the last few years, he will have his work cut out for him.
Is Boeing a Good Stock to Buy Right Now?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on BA stock based on 15 Buys, six Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 22.4% loss in its share price over the past year, the average BA price target of $195.26 per share implies 13.42% upside potential.
