The Background:
Peter Roskam is bearish on Boeing (NYSE: BA). For more than a year Peter Roskam has been ...
urging the president to block a multibillion-dollar deal between Boeing and Iran Air, "the terror-supporting transport-arm" of a network that is now facing steep sanctions from the Trump administration.The Fallout:
Republican Congressman Urges Trump to Block Boeing's Deal With Iran Air
Unless you shorted your Boeing (NYSE: BA) you lost money:
The chief executive of the aerospace giant Boeing downplayed the fallout from the president's decision to withdraw from the Iran nuclear pact, saying on Wednesday that the company would abide by the Trump administration's decision to cancel Boeing's licenses to sell $20 billion of aircraft to Iran.The Uptake:
Boeing C.E.O. Downplays Loss of $20 Billion Contract With Iran
Aerospace giant Boeing (NYSE: BA) faces fierce competition for government contracts from aerospace giant Northrop Grumman (NYSE: NOC).
The Bottomline:
Peter Roskam says: These are unmistakably strong buy signals for Northrop Grumman (NYSE: NOC).
Next Week:
Northrop Grumman Opens New Illinois Facility with Ribbon Cutting and Reception
Peter Roskam explains the Republican Tax Bill which Peter Roskam wrote. More tax dollars going into the pockets of corporations means more dollars going into the pockets of shareholders!
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