Dow Stays Above 14,000, but Falls Further From Record: Alcoa Inc (AA), Hewlett-Packard Company (HPQ)

The Boeing Company (NYSE:BA) is still grounded this morning, and heading 1.11% lower. The lack of news on the FAA’s approval of its Dreamliner battery fix is weighing on the company’s stock, though the aircraft manufacturer has had plenty of other activity in the past few days. The U.S. Navy has ordered 1,000 laser-guidance kits for Joint Direct Attack Munition, or JDAM, to destroy moving targets under terms of an $11.4 million contract with Boeing. The company has also nailed down a deal with Air China, the country’s biggest carrier by market value, for two Boeing 747-8 aircraft, its first sale of these models this year. For potential replacement of its fleet of fighter jets, Boeing, Lockheed, and three other companies are being queried by Canada on the technical capabilities of their products — a huge potential contract for any government contractor, since the sequester will certainly cut into any new projects of this magnitude.

The article Dow Stays Above 14,000, but Falls Further From Record originally appeared on Fool.com.

Fool contributor Jessica Alling has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin.

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