NEW YORK (TheStreet) -- Boeing (BA) shares are up 0.7% to $128.21 on Wednesday after the company announced that it had finalized a $2.1 billion order with leasing company Avolon for six 787-9 Dreamliners and five 737 MAX 9's.
In separate news, Boeing also won a $4.2 billion federal contract to build space taxis for NASA that will ferry astronauts to the international space station and alleviate the U.S. reliance on Russian rockets for manned space flight.
The contract represents the first time manned U.S. built space craft will be used by NASA since 2011 when it shuttered its shuttle fleet. The space craft are scheduled to be operational by 2017.
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 increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."