The aircraft marker confirmed a contract for 24 AH-64E Apache attack helicopters and three 737 Airborne early warning and control aircraft. The Boeing Apache helicopters will be used by the U.S. Army, Egypt, Greece, Israel, Japan, Kuwait, Netherlands, Saudi Arabia, Singapore, the United Arab Emirates, and United Kingdom.
Qatar announced contracts totaling about $23 billion, including other contracts for guided missiles, tankers, and other weapons. Airbus (EADSY), Raytheon (RTN), and Lockheed (LMT) also won contracts with the country.
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TheStreet Ratings team rates BOEING CO as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate BOEING CO (BA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."