BAE Systems receives $256 million full-rate production contract from U.S. Marine Corps for additional Amphibious Combat Vehicles

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Go back to BAE Systems receives $256 million full-rate production contract from U.S. Marine Corps for additional Amphibious Combat Vehicles

Boeing (BA) set to collaborate with Shield AI for defense programs

March 8, 2023 12:04 PM EST

Boeing (NYSE: BA) announced in a press release Wednesday that the aerospace company has signed a memorandum of understanding with Shield AI to explore a strategic collaboration in the areas of autonomous capabilities and artificial intelligence on current and future defense programs.

The agreement was signed at the Air Force Association Warfare Symposium and will be managed by Boeing Phantom Works.

Shield AI is a... More

Jefferies believes plane backlogs span more than 10 years

March 7, 2023 2:24 PM EST

In a note assessing plane demand, Jefferies analyst Sheila Kahyaoglu told investors that medium and long-term production rates are "supported by 10-year backlogs."

The demand outlook is supported by industry backlogs that stand at 12,663 aircraft as of January, according to Kahyaoglu. In addition, she states there were a further 470 jets added to the backlog through the February Air India... More