Boeing Secures Strategic Satellite Deal, Cementing Role in U.S. Space Defense Infrastructure

Boeing (NYSE:BA) is one of the best space stocks to buy according to hedge funds. On July 3, 2025, Boeing secured a significant $2.8 billion contract with the U.S. Space Force to develop and produce the first two, and potentially up to four, Evolved Strategic Satellite Communications (ESS) vehicles, integral to the nation’s next-generation nuclear command, control, and communications (NC3) architecture in geostationary orbit.

ESS satellites will inherit proven tech from Boeing’s Wideband Global SATCOM and O3b mPOWER programs, ensuring a low-risk, high-performance deployment. Work is slated through 2033 out of El Segundo, CA, and includes $100 million in initial R&D funding.

Boeing is a global aerospace titan, designing and manufacturing commercial jets (737, 787), military aircraft, satellites, and space tech like the CST‑100 Starliner, plus offering defense, security, and services across commercial and government sectors.

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