Click to EnlargeBoeing (NYSE:BA): The Obama administration has been approving billions of dollars of arms deals as of late, including the sale of 84 Boeing F-15SAs and associated equipment. The F-15 is an iconic American fighter jet that can carry a wide assortment of weapons and boasts 23,000 pounds of payload.
The jet, which weighs around 81,000 pounds, when fully loaded with gear and fuel, can travel at speeds greater than Mach 2.5. The two-seater aircraft can fly and fight at both low and high altitudes.
The political situation is getting hot in the Middle East and Asia. More and more countries are buying advanced armaments to build up their militaries. Since the F-22 is not being sold, even to America’s closest allies, and the F-35 is approved for only a short list, fourth-generation jets like the F-15 will be the best many air forces can get. Boeing’s price has broken out above its 200-day moving average, a bullish signal. Buy.