Boeing Gains Outperform Rating on $2B Military Satellite Contract and SkyGuard Partnership
BA•Wedbush initiated coverage with an Outperform rating citing Boeing’s CYVIATION cybersecurity partnership and a nearly $2 billion Space Systems Command contract. The company’s commercial aircraft division strengthened its order book with delivery of a 787-9 to Thai Airways International.
1. Wedbush Initiates Outperform Coverage
On June 26, Wedbush initiated coverage of The Boeing Company with an Outperform rating, reflecting confidence in its defense and commercial operations. The analyst highlighted Boeing’s diversified revenue streams and recent strategic wins as key justifications.
2. CYVIATION Partnership Enhances SkyGuard Cybersecurity
Boeing will integrate CYVIATION’s SkyRay platform into its SkyGuard aviation cybersecurity service to meet rising regulatory and threat-detection demands. This collaboration is expected to drive recurring service revenue and bolster Boeing’s position in aviation cybersecurity.
3. $1.9 Billion MUOS Satellite Contract Awarded
Boeing secured a nearly $2 billion award from Space Systems Command to extend the Mobile User Objective System through 2035, encompassing development and launch of two military communications satellites. The contract underscores Boeing’s leadership in defense space systems and adds significant long-term backlog.
4. GE-Powered 787-9 Delivery to Thai Airways Highlights Commercial Demand
Boeing’s commercial aircraft division delivered a new GE-powered 787-9 to Thai Airways International, supporting the carrier’s fleet renewal strategy. Continued fulfillment of major widebody orders signals sustained global demand for Boeing’s jetliners.
