Boeing Speeds Up Delivery Of GPS-Guidance Bomb Kits To Israel: Report
Portfolio Pulse from Shivani Kumaresan
Boeing Company (NYSE:BA) has expedited the delivery of 1,800 Joint Direct Attack Munition (JDAM) kits to Israel, stemming from a 2021 Direct Commercial Sale valued at about $735 million. The delivery was accelerated due to recent Hamas attacks on Israel. The sale was controversial when Congress was notified of it, with some members moving to block the proposed sale in protest over Israeli attacks in Gaza.
October 19, 2023 | 4:43 pm
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Boeing's expedited delivery of JDAM kits to Israel could potentially impact its stock price.
The expedited delivery of JDAM kits to Israel is a significant event for Boeing. However, it's unclear how this will affect the company's stock price in the short term. The controversy surrounding the sale could potentially have a negative impact, but the increased revenue from the expedited delivery could have a positive effect.
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