Lower research and development costs at Boeing should boost profit margins in the coming years, according to research published by Citi on Thursday. Boeing shares have been rising since late January, when investor worries began to recede about the grounding of its 787 due to malfunctioning batteries.
Boeing rose$. 91 or. 9 percent, to $97.02. Lockheed Martin Corp. rose $1.18 or 1.1 percent, to $104.05. Northrop Grumman Corp. rose$. 47 or. 6 percent, to $79.43.
Meanwhile Southwest Airlines Co. said it will delay delivery of new airplanes and fill the gap with used planes to reduce spending over the next five years. Southwest will delay 30 firm orders for Boeing 737 jets, which CEO Gary Kelly said would cut capital spending through 2018 by more than $500 million.
Boeing rose $1.24 or 1.3 percent, to $97.35. Lockheed Martin Corp. rose$. 69 or. 7 percent, to $103.56. Northrop Grumman Corp. rose$. 46 or. 6 percent, to $79.42.
Boeing rose$. 18 or. 2 percent, to $96.29. Lockheed Martin Corp. fell $1.01 or 1.0 percent, to $101.86. Northrop Grumman Corp. fell$. 35 or. 4 percent, to $78.61.
Boeing rose $1.35 or 1.4 percent, to $96.11. Lockheed Martin Corp. rose$. 98 or 1.0 percent, to $102.87. United Technologies Corp. rose$. 98 or 1.0 percent, to $95.93.
Boeing rose $1.04 or 1.1 percent, to $95.80. Lockheed Martin Corp. rose$. 91 or. 9 percent, to $102.80. Northrop Grumman Corp. rose $1.23 or 1.6 percent, to $78.79.
Boeing rose$. 32 or. 3 percent, to $95.08. Lockheed Martin Corp. rose$. 05 or percent, to $101.94. Northrop Grumman Corp. rose$. 49 or. 6 percent, to $78.05.
Boeing rose$. 52 or. 6 percent, to $94.76. Lockheed Martin Corp. fell$. 05 or percent, to $101.89. Northrop Grumman Corp. fell$. 37 or. 5 percent, to $77.56.
Boeing rose$. 49 or. 5 percent, to $94.73. Lockheed Martin Corp. rose$. 12 or. 1 percent, to $102.06. Northrop Grumman Corp. fell$. 38 or. 5 percent, to $77.55.
Boeing rose$. 66 or. 7 percent, to $94.90. Lockheed Martin Corp. fell$. 10 or. 1 percent, to $101.84. Northrop Grumman Corp. fell$. 06 or. 1 percent, to $77.87.