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Boeing Step Closer To Clinch a Big Deal From South Korea: Reuters

By Warren Paige

Reuters, quoting sources familiar with the matter, has reported that Boeing (NYSE: BA) is very close to clinch a huge deal from South Korea. The Company’s bid of $7.4 billion to supply South Korea with 60 fighter jets was only the offer which below the price ceiling set out by the nation’s arm procurement agency. The final decision regarding the procurement will be made in September but these sources said that the U.S. aircraft manufacturer’s bid was very likely to win them the contract. Boeing’s latest fighter jet, F-15Silent Eagle was pitted against Eurofighter consortium’s Typhoon and Lockheed Martin’s F-35 Stealth aircraft.

August 20th, 2013 | Tags: | Category: Large Cap Growth Stocks

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.