“Most Powerful Fighter Ever Built”: Boeing Stock (NYSE:BA) Notches Up as New Plane a Winner

Aerospace stock Boeing BA +0.78% ▲ may be in just the right place at the right time. With the Middle East once again back at war, Boeing is putting together the F-47 Next Generation Air Dominance (NGAD) fighter. And reports suggest that it may be “the most powerful fighter ever built.” This accolade landed in just the right place for investors, who were sufficiently charmed to send Boeing shares up fractionally in Monday afternoon’s trading.

Claim 50% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions

• Stay ahead of the market with the latest news and analysis and maximize your portfolio’s potential

Word from national security columnist and former US Army Special Forces officer Steve Balestrieri noted that the F-47 NGAD is shaping up to be a winner, and potentially, faster than some expected. After winning the contract to build them back in 2025, the F-47 is set to launch in 2028, and will bring with it some surprisingly potent hardware.

One major point of the F-47 NGAD is its ability to serve as a central hub for Collaborative Combat Aircraft (CCA), a kind of drone aircraft that can join in a fight. This in turn improves the United States’ odds of getting, and keeping, air superiority, reports note. Meanwhile, Air Force General Dale White pointed out, “Boeing has done a really good job of ramping up the personnel piece. In the early phases of these programs…you typically watch the personnel ramp against the timeline and activities you have to have to get done. They’ve done very well with that.”

Boeing’s February

So with winter on its last legs in the Northern Hemisphere, some are looking to how Boeing did in February in terms of production. There was solid news here as well, as a report from Forecast International noted that Boeing hit 106 total aircraft produced in the month. This was actually an improvement over January’s performance, and showed “renewed momentum.”

In fact, reports note, Boeing has so far produced 199 total aircraft, with 161 of them being narrow-body jets, and wide-body jets making up most of the remainder at 35. The rest is regional jets at two, and one single turboprop aircraft.

Is Boeing a Good Stock to Buy Right Now?

Turning to Wall Street, analysts have a Strong Buy consensus rating on BA stock based on 13 Buys and one Hold assigned in the past three months, as indicated by the graphic below. After a 33.79% rally in its share price over the past year, the average BA price target of $278.17 per share implies 21.6% upside potential.

Disclosure

Disclaimer & DisclosureReport an Issue