Boeing CEO Hints at New Plane With Technology That Could Be Game-Changing
(NYSE: BA) CEO Dave Calhoun recently told the investment community that composites will play a significant role in the company's development of airplanes. That's excellent news for composite manufacturers like Hexcel (NYSE: HXL) and highlights the investment case for the composite specialist.
That said, is it enough to make the stock a buy considering that Boeing and Airbus (OTC: EADSY) aren't planning to develop a new plane anytime soon? Here's what you need to know.
The company is a leader in lightweight composite technology. Composites have a weight and strength advantage over traditional metals, meaning they can reduce operating costs and increase the durability of heavy equipment like airplanes, satellites, and wind turbines.
Source Fool.com
Boeing Co. Stock
Our community is currently high on Boeing Co. with 36 Buy predictions and 5 Sell predictions.
As a result the target price of 222 € shows a positive potential of 25.99% compared to the current price of 176.2 € for Boeing Co..
