Kimelman & Baird LLC Takes New Stake in Boeing with $25B Investment
Kimelman & Baird LLC acquired a new position in The Boeing Company (NYSE:BA) shares during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 117,706 shares of the aircraft producer's stock valued at approximately $25,480,000.
Other hedge funds have also made changes to their positions in Boeing this quarter. Measured Wealth Private Client Group LLC acquired a new stake in Boeing worth about $25,000, while Strive Financial Group LLC purchased a new position in the company valued at $25,000.
The Pentagon awarded Boeing a sole-source F-15 sustainment contract with a potential ceiling of roughly $131.2 billion through 2037. This strengthens Boeing's defense backlog, though only a smaller portion has been obligated so far, limiting the immediate financial impact.