Featured Post

Latest Gold News

This analyst sees nothing to stop gold from continuing climb Cyber Terrorism another reason to own gold says Faber Fed doves supportin...

Tuesday, January 3, 2012

Boeing (BA) (NOC) Lands $3.5 Billion Contract

Shares of Boeing Co. (NYSE:BA) and Northrop Grumman Corp. (NYSE:NOC) could be poised to jump today after news on Friday the two were awarded a contract worth $3.5 billion from the Defense Department of the United States. The contract extends over a period of seven years.

Losing out in the deal are Lockheed Martin Corp. (NYSE:LMT) and Raytheon Co. (NYSE:RTN), which were battling Boeing and Northrup to land the deal.

The contract is for the purpose of developing, testing, engineering and manufacturing antimissile systems.

Northrop Grumman closed Friday at $58.48, dropping $0.41, or 0.70 percent. Boeing closed at $73.35, falling $0.76, or 1.03 percent.

No comments: