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The traders are keeping a close eye on Boeing as the deadline nears for a $35 billion contract with the US Air Force. Bids are due Friday July 9 with chatter suggesting Boeing's only 'real' competition being Airbus.
And, after a recent ruling by the WTO that found Airbus had received illegal subsidies, chatter also suggested that odds favored Boeing.I think the odds are 60% in favor that Boeing wins the tanker contract, says CK Cooper analyst Alex Hamilton. The Pentagon, however, isn't expected to name the winner a few months.
What’s the trade?I’m broadly bullish of commercial aerospace, he adds. We’re in the first year of a 5-year up cycle. Perhaps the way to play it is with Boeing supplier Spirit.
Check out the full interview with CK Cooper analyst Alex Hamilton. Watch the video now!
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