Boeing Stake Boosted by Everett Harris & Co. CA Amid Defense Deal
Everett Harris & Co. CA has taken a significant stake in The Boeing Company (NYSE:BA) by purchasing 5,246 shares of its stock valued at approximately $1,136,000.
The institutional investor revealed this new stake in the second quarter through a filing with the SEC.
This is not an isolated move; several other large investors have recently increased or reduced their stakes in Boeing. For instance, Vanguard Group Inc. boosted its stake by 5.1% in the fourth quarter and now owns 70,989,438 shares valued at $15,413,227,000.
The Pentagon has signed framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles, which could provide greater visibility for Boeing's defense business and support incremental revenue.