Major defense and aircraft makers step into the spotlight this week as Lockheed Martin reports Tuesday and Boeing reports Wednesday
Boeing’s troubled 737 MAX still in spotlight amid positive and negative headlinesAs if there weren’t enough drama already surrounding Boeing , the company reports Q3 earnings Wednesday with investors waiting to hear more about why BA’s board ousted CEO Dennis Muilenburg from the chairman post earlier this month.
Amid the swirl of controversy over at BA, Lockheed Martin’s stock has continued to fly higher as optimism around defense spending and new technology has shares up more than 17% over the last year, well ahead of the broader market. LMT reports Tuesday. . “Details regarding policies and procedures for customers who do not wish to fly on the MAX once the aircraft enters scheduled service Jan. 16 will be released in the coming weeks.”
The delivery numbers for Q3 don’t look particularly strong compared with a year earlier, but that’s probably to be expected considering all the regulatory issues the company faces. In Q3, BA delivered 63 commercial aircraft, down from 190 in the same quarter a year earlier. Back then, Muilenburg said, “This is a defining moment for Boeing.” Arguably, however, every quarter is key now as BA tries to get its aircraft back into the sky, and, once there, to make sure travelers feel comfortable getting on the plane.
Note: Call options represent the right, but not the obligation, to buy the underlying security at a predetermined price over a set period of time. Put options represent the right, but not the obligation to sell the underlying security at a predetermined price over a set period of time.Like BA, Lockheed Martin has been dealing with tariffs and the associated costs. Now, with trade relations apparently improving, executives will likely be asked if that changes their outlook.
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