Elizabeth Warren Takes Aim at Boeing: Boeing Stock (NYSE:BA) Slips

Whether you call it “morally repugnant” or just a case not worth pursuing, aerospace stock Boeing (BA) may be about to have a major case against it dropped as the Justice Department looks for better things to do. And now, reports note, the two fatal plane crashes are calling in the attentions of at least one familiar name. Investors were a bit less than concerned, as Boeing shares slipped fractionally in Friday afternoon’s trading.

Those who follow Paramount (PARA) will recognize one of the names: Elizabeth Warren. After sending a letter to Paramount notifying them that their settlement with Trump could potentially violate anti-bribery laws, she then turned her attention to Boeing. The letter she sent told the Justice Department that it “…must not sign a non-prosecution agreement with Boeing that would allow the company to weasel its way out of accountability for its failed corporate culture, and for any illegal behavior that has resulted in deadly consequences.”

Warren reportedly penned the letter with backup from Richard Blumenthal, a fellow Democratic senator. This is not the first time that Warren has taken aim at Boeing, either; a letter from 2023, aimed at the Department of Defense, took Boeing to task over its apparent refusal to supply cost data about its projects.

What it Takes to Renovate a Qatari Jet

In a move that is likely to further incense Elizabeth Warren, the United States has taken control of the Boeing jet that the Qatari government offered as a gift. And some have already begun considering just what needs to be done to said jet to make it a proper facility for the President’s use. Some reports believe that the jet can be renovated quickly. Others believe quite the opposite.

Mitchell Institute for Aerospace Studies executive director Doug Birkey notes that Air Force One has to serve as what amounts to “…a mobile White House.” This in turn requires an “…incredibly robust command and control suite,” as well as countermeasures for attacks ranging from ground-to-air missiles all the way up to full nuclear attack. Throw in mid-air refueling capability, and a suite of services—including a medical bay that can handle basic surgery—and the renovations will have to be extensive, no matter how quickly anyone believes they can be done.

Is Boeing a Good Stock to Buy Right Now?

Turning to Wall Street, analysts have a Moderate Buy consensus rating on BA stock based on 15 Buys, four Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 16.55% rally in its share price over the past year, the average BA price target of $213.37 per share implies 5.39% upside potential.

See more BA analyst ratings

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