Why These Defense Stocks Are Gaining This Week

2. The Boeing Company (NYSE:BA)

Weekly Gains: 11.77%

The Boeing Company (NYSE:BA) is a leading aerospace company that manufactures commercial airplanes, space systems, and defense equipment for customers in over 150 countries. It is among the defense stocks that are gaining this week, with returns of nearly 12% since March 17.

After a difficult 2024 and challenges continuing well into the first quarter of 2025, there is finally some respite for The Boeing Company (NYSE:BA). On Friday, President Trump awarded the company a $20 billion contract for the NGAD fighter jet, F-47, to replace the F-22 Raptor. Shares surged 3% following the announcement and gained another 1.57% on Monday.

Investor sentiment also picked up after Citi, on March 13, reiterated its Buy rating for The Boeing Company (NYSE:BA) with a share price target of $210. The analyst believes the market is currently undervaluing the company’s long-term growth potential.