Boeing wins USD 14.7 billion contract as Jefferies keeps USD 265 target for Boeing stock
Published on 10/06/2026 at 09:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Boeing secured a USD 14.7 billion defense contract while Jefferies kept its USD 265 target for Boeing stock. On October 5, 2026, Boeing said the award will triple production of PAC-3 Missile Segment Enhancement seekers under a seven-year framework. GuruFocus reported on October 3, 2026 that Jefferies reaffirmed a Buy rating and USD 265 price target after the FAA found that a 737 MAX software issue did not impair flight safety.
Defense contract expands production
The Boeing award is an undefinitized contract action from Lockheed Martin to scale output for PAC-3 MSE seekers. Boeing said production ramp-up and related hiring began earlier in 2026, with hundreds of direct and indirect jobs expected in Huntsville, Alabama.
The contract adds a measurable defense commitment to Boeing's recovery story, but the award does not remove execution risk across commercial aircraft and development programs. The FAA decision matters because Jefferies expects MAX 10 certification by year-end 2026 and first deliveries in 2027.
Revenue improves while losses persist
Boeing generated USD 24.56 billion of revenue in the second quarter of 2026, up 8.00 percent from USD 22.75 billion in the second quarter of 2025. Zacks reported that second-quarter core loss was USD 0.76 per share versus a consensus loss of USD 0.34, even as revenue exceeded the USD 24.05 billion consensus estimate.
The same second-quarter report showed 171 commercial aircraft deliveries and a record company backlog of USD 715 billion. Boeing also reported USD 631 million of free cash flow for the quarter and retained a full-year 2026 free cash flow outlook of USD 1 billion to USD 3 billion, giving investors two operating markers to track against the defense expansion.
Analyst target stays above market price
MarketBeat's October 6, 2026 consensus page lists 23 Wall Street analysts, including 13 Buy ratings, 5 Holds, 3 Sells and 2 Strong Buys. The average target is USD 270.95, while the highest and lowest targets are USD 305.00 and USD 223.00.
The latest Jefferies target remains below the MarketBeat average but above Boeing's primary-market context. The contrast reflects the central debate: contract and certification progress offer operational support, while quarterly losses and development charges still weigh on the financial profile.
Stock trades higher in Frankfurt trading
Boeing stock was trading at EUR 172.76 at Lang & Schwarz on October 6, 2026 at 9:48 a.m. CEST, up 0.58 percent versus the prior close of EUR 171.76 at Lang & Schwarz. The Boeing Company is listed on the NYSE, where the finance quote showed USD 192.72 at 4:00 p.m. ET on October 5, 2026.
The further course of trading is shown by the continuously updated real-time quote of Boeing stock.
Boeing stock facts
- Company: The Boeing Company
- ISIN: US0970231058
- WKN: 850471
- Ticker: BA
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 6, 2026, 9:48 a.m. CEST: EUR 172.76
- Change versus prior close: plus 0.58 percent
- Prior close Lang & Schwarz September 28, 2026: EUR 171.76
- Market capitalization: USD 152.3 billion (as of October 5, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
