Boeing Stock Stabilizes Near $209 Amid Defense Contract and Union Talks
Boeing's stock price hovered near $209 as of August 28, 2026, amidst a new U.S. Air Force B-52 radar contract worth $163 million and upcoming union negotiations that could impact its cost base.
The contract is part of the B-52 program, with Boeing serving as the prime contractor and Raytheon receiving a separate award valued at $603 million. This modernization spending underscores the long-serving bomber fleet's ongoing relevance.
Boeing's defense business is seen as having more stable revenue streams compared to commercial aircraft deliveries. The contract's relatively modest size still contributes to the company's engineering activity, program-related employment, and a pipeline of follow-on upgrade work.
The union negotiations between Boeing and its largest white-collar union, SPEEA, will focus on pay, benefits, and working conditions. These talks are critical for Boeing as its engineers play a crucial role in executing both commercial and defense programs.