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Stock impact report

Boeing (BA) Secures Major Navy Contract as Ratings Agencies Turn More Positive [Yahoo! Finance]

Moody's Corporation (MCO) 
Last moody's corporation earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.moodys.com/home/default.aspx
Company Research Source: Yahoo! Finance
Navy contract to extend the service life of up to 60 F/A-18 E/F Super Hornets. The agreement covers upgrades that will push the aircraft's lifespan from 6,000 to 10,000 flight hours and add Block III avionics capabilities. Work will be split between San Diego and San Antonio, each handling 44%, with the remaining 12% completed in St. Louis. The program runs through November 2028. No funds were obligated at the time of award; instead, financing will be assigned as individual orders are issued. The Naval Air Systems Command in Patuxent River, Maryland, is overseeing the contract. On December 12, Moody's reaffirmed Boeing's Baa3 senior unsecured rating and revised its outlook to stable after the company completed its acquisition of Spirit AeroSystems. The agency pointed to improvements in quality and safety, strong liquidity of about $29 billion, and Boeing's solid position in both commercial and defense markets. Boeing's backlog stood at $636 billion at the end of September, equal t Show less Read more
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