By Teddy Stavetski If there was ever a company that had a series of unfortunate events, it would be Boeing (NYSE: BA). Although, it’s not all bad. Boeing stock gives investors access to one of the largest defense contractors in the U.S. Its competitors include: Lockheed Martin (NYSE: LMT), Raytheon (NYSE: RTX), General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC).
For reference, the United States spent a record $447 billion on defense contracting in 2020. This places defense contract spending just outside of the top 10 in terms of the biggest industries in the United States.
When it comes to their business, Boeing is …read more
