The Iran war continues, even as President Trump promises all manner of disaster incoming. As it turns out, aerospace stock Boeing (BA) might be one of the biggest friends to airmen in the region, with a particular device helping downed airmen find rescue. The news did not seem to spark much for investors, though, as shares slid fractionally in Tuesday afternoon’s trading.
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Two airmen were shot down over Iran last week, noted reports, and both of those airmen were carrying the Boeing Combat Survivor Evader Locator (CSEL), which tells potential rescuers of the holder’s current position. President Trump also made mention of the device in simplified fashion, calling it a “…sophisticated beeper-type apparatus.”
The CSEL is not just a tracking system, reports note. It can also function as a data message device, allowing users to send a message via satellite to a standard rescue center. The message is relayed to rescuers, who can use that information to find the downed pilot. The United States Air Force, and the United States Navy, have reportedly bought thousands of these units since 2009, and this war has shown off their value quite nicely.
What Do You Actually Need to Do to Work?
Boeing workers are turning on Boeing itself, setting up a class action lawsuit about unpaid time at work. The workers in question claim they are losing pay before shifts, because they are putting on safety gear, and walking to relevant work stations. The time spent doing this, however, is not paid, so the Boeing workers claim they are essentially working for free during that time. This time could take between 10 and 20 minutes a day, which adds up over the course of a week.
Further, the proposed class action asserts, the company did not provide rest and meal breaks as required. The class action also calls Boeing’s timekeeping operations into question, focusing on clock-rounding policies.
Is Boeing a Good Stock to Buy Right Now?
Turning to Wall Street, analysts have a Strong Buy consensus rating on BA stock based on 14 Buys and one Hold assigned in the past three months, as indicated by the graphic below. After a 52.31% rally in its share price over the past year, the average BA price target of $274.92 per share implies 32.04% upside potential.
