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The Boeing Company (BA) Awarded $2.34 Billion Air Force Contract Modification
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The Boeing Company (NYSE:BA) is among the 8 Best Drone Stocks to Buy for the Next 3 Years. According to a March 12 press release from the Department of War, the company has been awarded a $2.34 billion option exercise modification to an earlier Air Force contract for the E-7A Rapid Prototype Airborne Mission Segment. Jordan Tan / Shutterstock.com Work on the project will be performed at Washington, Oklahoma City, Huntsville, and Heath, with completion planned for the third quarter of 2032. The Boeing Company (NYSE:BA) remains on analysts’ radar and currently sports a Strong Buy rating based on 14 analyst recommendations. As of the close of business on March 13, the stock has an average share price upside potential of 32%. Recent updates include a March 6 update from Jefferies analyst Sheila Kahyaoglu reiterating the firm’s Buy rating on the stock with a price target of $295, amid reports that the company is nearing a 500-jet order from China ahead of President Trump’s upcoming official visit to Beijing. The Boeing Company (NYSE:BA) is a leading aerospace company that manufactures commercial airplanes, space systems, and defense equipment for customers in more than 150 countries. While we acknowledge the potential of BA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 10 Best Aerospace Dividend Stocks to Buy Disclosure: None. Follow Insider Monkey on Google News.