Boeing Company (BA) and Millennium Space Systems to expand space production capacity
Boeing Company (NYSE: BA) is among the 10 best military drone stocks to buy right now.
On Thursday, the company said it was working with its unit, Millennium Space Systems, to expand its space production capacity and launch a new satellite platform amid rising demand.
The objective of this effort is to support government and commercial customers through quicker and more flexible mission delivery. The aerospace firm is targeting 26 satellite deliveries this year, up from 11 in 2025.
The initiative includes a new satellite platform called Resolute, which will provide better speed and flexibility than larger satellites and is designed for missions that require more capabilities than a typical small satellite, Boeing Co. (NYSE:BA) said in a press release.
Earlier on April 15, the company said that it had received a $324 million contract from the US Army for six CH-47F Block II Chinook helicopters, increasing the number under contract to 24.
In other news, Boeing remains on analysts’ radar and currently holds a Strong Buy rating with an average upside potential of 26% as of the close on April 16.
The Boeing Company (NYSE: BA) is a leading aerospace company that manufactures commercial aeroplanes, space systems and defence equipment for customers in more than 150 countries.
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