But the contest has been more lopsided in the midrange segment, forcing Boeing to develop a new jetliner and stem market-share losses to Airbus. Boeing still expects their narrow-body 737 Max jet to be cleared for return to service before the end of the year. But demand for new aircraft is weak, and net orders for the troubled have dropped below -800 for 2020.
On the defense side, the Biden administration is expected to review Pentagon spending while pressing for cost savings in individual programs like Lockheed Martin‘s (LMT) F-35, which is poised to see a major ramp-up in production soon. Northrop Grumman (NOC) is building a new stealth bomber amid criticism that costs aren’t transparent enough, while Boeing looks to keep a foothold in combat aircraft. Is Boeing stock a buy right now? This is what you need to know.
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