Black Day For Boeing (BA)

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Boeing (NYSE: BA) and its stockholders were counting on getting the US military contract to build new refueling tankers. The deal is worth $40 billion, and Boeing is the incumbent.

Things didn’t work out. Northrup Grumman (NYSE: NOC) and Boeing rival EADS, the parent of Airbus, won the contract.

Boeing shares are down 3.5% after hours to under $80. NOC is up 5.6% to $83.

Douglas A. McIntyre