Jim Cramer Discusses Boeing (BA)’s Defense Production

Core Viewpoint - The Boeing Company (NYSE:BA) has shown a significant rebound in its stock price, with a 30% increase over the past year and a 2.5% rise year-to-date, indicating positive market sentiment and performance [2]. Financial Performance - Boeing reported $23.9 billion in revenue for its fiscal fourth quarter, surpassing analyst expectations of $22.3 billion, showcasing strong financial performance [2]. - Bank of America has maintained a Buy rating for Boeing with a price target of $270, while Bernstein has an Outperform rating with a price target of $298, reflecting confidence in the company's future prospects [2]. Business Developments - Boeing has entered into a deal with Kazakhstan's national carrier to deliver up to 15 Dreamliner 787 aircraft, marking a significant business development for the company [2]. - Discussions around Boeing's defense production have highlighted potential strategic changes, including moving defense operations back to St. Louis, which could impact the company's operational efficiency and local economic conditions [3].