Boeing Stock Rebounds on Record-Breaking F-15 Contract

Boeing's stock price has been affected by a $131.23 billion contract for the F-15 Eagle Crest program, with the company's backlog reaching a record $597 billion.

The U.S. Department of Defense awarded Boeing the long-term framework contract to produce and upgrade F-15 fighter jets through 2037, with an initial order period set to end in 2031 and an option to extend until 2036.

According to valuation models, Boeing's intrinsic value is estimated at $210.62 per share, which is only slightly above the current market price of $210-$214.

Analysts have emphasized concerns over execution and cash flow timing as reasons for the stock's underperformance compared to its peers, with GE Aerospace up 11% and RTX up 14% year-to-date.