These recent demonstrations showed the world just how much potential drones have in military combat and could increase demand for them moving forward. The company recently showed off surveillance drones that would be used to monitor remote areas of the Arctic, showing the versatility of Boeing’s drone technology. In June of 2021, news broke that a Boeing MQ-25 Stingray drone refueled a Navy fighter jet in mid-air for the first time. Its most notable UAV is the ScanEagle, used for reconnaissance missions. Recently, Boeing has focused more on Insitu, its drone subsidiary company. Although drones are a relatively minor source of its income, the company remains an essential player in the industry.īoeing is over a century old and one of the world’s most respected aviation companies. In addition to making commercial airplanes and military aircraft, Boeing also has a presence in the drone market. This company has enormous potential, and investors expect dramatic growth in the near future. Keep an eye on this stock if you are interested in drones. As a result, AV expects to see a rise in order volume in the future. This trend will continue until the end of September.Īt the same time, the conflict in Ukraine has raised awareness of its portfolio of cutting-edge products, notably the incredibly useful Switchblade tactical missile system. This more than offset sales decreases in several product sectors.Īlthough the AV had supply chain issues and a tight labor market during the quarter, various indicators indicate growing demand and a generally better future.įirst, contract decision-making has accelerated since the federal government enacted its fiscal 2022 omnibus spending package in March. A record $445.7 million for the entire fiscal year 2022 resulted from increased service revenue and recent acquisitions.
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