Boeing’s defense business is booming at a time when airplanes are disappointing
Boeing's stock rose as its defense business revenue exceeded expectations due to a missile partnership with the Trump administration.
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boeing's stock jumped wednesday after its defense business posted revenue well above expectations. the boost came from a partnership with the trump administration on pac-3 interceptor missiles.
this growth in defense is happening while the company's commercial airplane unit continues to disappoint, creating a stark split in its performance.
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