The aerospace/defense industry closed the day up 1.8%. AAR ( AIR), Honeywell International Inc ( HON), Astrotech ( ASTC), and Kaman Corporation ( KAMN) were all winners today within the aerospace/defense industry with Boeing ( BA) being today's featured aerospace/defense winner. Boeing rose $2.10 (3.4%) to $64.59 on average volume. Throughout the day, 6.2 million shares of Boeing exchanged hands as compared to its average daily volume of 6.8 million shares. The Boeing Company, together with its subsidiaries, engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. Boeing has a market cap of $46.8 billion and is part of the industrial goods sector. The company has a P/E ratio of 13.3, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 3.3% year to date as of the close of trading on Thursday. TheStreet Ratings rates The Boeing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, compelling growth in net income and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.
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