Jim Cramer Discusses Boeing (BA)'s Defense Production

We recently published 10 Stocks Jim Cramer Discussed & Continued To Talk About AI & Enterprise Software.  The Boeing Company (NYSE:BA) is one of the stocks Jim Cramer discussed.

Aerospace giant The Boeing Company (NYSE:BA)’s shares have rebounded over the past year. They are up by 30% over the past 12 months and by 2.5% year-to-date. Bank of America discussed The Boeing Company (NYSE:BA) on February 23rd as it maintained a Buy rating and a $270 share price target. Earlier in the month, the firm had reported its earnings for its fiscal fourth quarter. The results saw it post $23.9 billion in revenue to beat analyst estimates of $22.3 billion. Following the results, Bernstein discussed The Boeing Company (NYSE:BA)’s shares. It maintained an Outperform rating and a $298 share price target. February has been a busy month for the firm with several developments. For instance, on the 17th, the firm announced that it had entered into a deal with the Kazakhstan national carrier to deliver as many as 15 Dreamliner 787 aircraft. Cramer discussed The Boeing Company (NYSE:BA)’s CEO and its defense business:

“I do think that when you see this you have to think about, someone David, that you know quite well. Kelly Ortberg and the changes he’s making. How about moving defense back to St. Louis. . .I just think that historically they should never have left St. Louis, it was a big blow to the city.”

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