- Boeing’s (NYSE:BA) market position is inferior as it is shut out of next generation fighter and bomber platforms, RBC analyst Matthew McConnell says as he initiates coverage on U.S. aerospace and defense.
- Lockheed Martin (NYSE:LMT) and Northrop Grumman (NYSE:NOC) are relatively better positioned based on their marquee programs, McConnell says.
- RBC rates BA at Underperform with a $136 price target; NOC, GD, RTN, TDG, CSRA and TGI are rated Outperform, while LMT, UTX, COL and LLL are Sector Perform.