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Aircraft manufacturing behemoth
Boeing(BA) is having a rough year -- but you wouldn't know it from the stock's share price. Shares of Boeing have climbed more than 14.6% since the first trading day in January, outperforming the S&P by a big margin. But Boeing has had more attention from the missteps of its 787 Dreamliner program, which finally saw entry to service in the fourth quarter of 2012.
As Boeing's Dreamliner saga continues, the firm's other offerings are providing impressive returns for investors. For example, the firm recently opted to offer a new version of its extremely successful 737 jet, replete with newer and more fuel-efficient engines. The move kept airlines with a familiar platform (one that requires less pilot and maintenance training), but gave Boeing a big advantage against top rival Airbus. Ultimately, the battery issues with the 787 are going to be more of a pothole in the product's life than a sinkhole -- and once they're resolved, BA's backlog should allow for some impressive revenue generation.
Airliners are only part of Boeing's business, though. The firm is also a major defense contractor, a line that generates approximately 40% of the firm's consolidated sales. While the defense industry is hardly without risk itself, big-dollar long-term contracts (like the KC-46A tanker project) take some of that risk away in the near-term. We're betting on shares of this Rocket Stock this week.
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