The Boeing Company (BA), Lockheed Martin Corporation (LMT): Allow This Stock to Take Your Portfolio to New Heights

Another company that poses good competition to Boeing, or better say the defense segment of The Boeing Company (NYSE:BA), is United Technologies Corporation (NYSE:UTX), whose YTX Aerospace systems division produces aircraft systems that control essential functionalities like taking off, landing, and in-flight management.

An impressive point in its last earnings call was a highly positive guidance for 2013, wherein the company has estimated sales growth of 10-12%, and earnings growth in the range of 10-16%. I must say that United Technologies has not disappointed investors when it comes to the basic expectations with respect to dividend ($0.535 per share) and future guidance.

More and more business ahead

The Boeing Company (NYSE:BA)’s annual report highlighted a delivery of 601 jets during the year 2012, making it the leading jet maker. My belief is that it’s going to go further up in 2013, as the company reported a record backlog of $319 billion for 4400 airplanes. It’s needless to say that the company has got great business ahead of it, and its competitive position, specifically in the commercial aviation sector will aid in realizing optimal advantage from these opportunities.

The bottom line

I am pretty sure that investors who maintained their position in the stock as it rallied from $64 to the current levels would have been amazed at such capital appreciation. It has been pushing its way through rough times, and has created phenomenal value for those who did not give it up.

In conclusion, I would ask you not to regret if you missed out on the 30% rally in the stock. But, it would make sense to keep this giant in your portfolio for the long run.

The article Allow This Stock to Take Your Portfolio to New Heights originally appeared on Fool.com and is written by Mihir Mehta.

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