--- title: "NATO Throws Over Boeing for Saab, Boeing Stock (NYSE:BA) Slides" type: "News" locale: "en" url: "https://longbridge.com/en/news/292104504.md" description: "Boeing (NYSE:BA) stock dropped over 3% after NATO selected Saab to supply 10 GlobalEye aircraft, replacing Boeing's E-3 fleet. Despite this loss, Boeing recently revised the range capabilities of its 777-8 and 777-9 models upward. Wall Street maintains a Strong Buy consensus on BA with an average price target of $274.46, implying significant upside potential." datetime: "2026-07-08T18:34:39.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292104504.md) - [en](https://longbridge.com/en/news/292104504.md) - [zh-HK](https://longbridge.com/zh-HK/news/292104504.md) --- # NATO Throws Over Boeing for Saab, Boeing Stock (NYSE:BA) Slides Aerospace stock Boeing (BA) got some unfortunate news recently, as the North Atlantic Treaty Organization (NATO) threw over Boeing and instead turned to Saab (SAABF) as NATO looked for its new generation of radar planes. Boeing investors did not take the news well, and sent Boeing shares down over 3% in Wednesday afternoon's trading. ### 4th of July Sale - 70% Off - Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions. - Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter. NATO set up plans to buy 10 GlobalEye aircraft from Saab, which it will put in place of Boeing's E-7 Wedgetail, reports note. The new buy was intended to replace Boeing's E-3 Airborne Warning and Control aircraft, so now, Boeing is out of the loop as far as radar aircraft in NATO goes. NATO Secretary General Mark Rutte noted, "For decades, NATO has relied on a fleet of E3 Airborne Warning and Control Systems, that have been our 'eyes in the skies'. They have been deployed from Northern Norway to Southern Türkiye. They have served us well and continue to do so, but they are reaching the end of their lives. Today, several Allies are announcing the joint procurement of up to 10 SAAB GlobalEye aircraft to replace them." ## **A Little Farther Afield** Boeing also recently revised the range of both the 777-8 and 777-9, and by a fairly substantial amount. The 777-8 was formerly rated for 8,745 nautical miles, but now, it can reach up to 9,500 nautical miles. Meanwhile, the 777-9 went from 7,285 nautical miles to a new range of "up to 8,000 nautical miles." Even the 777-8 Freighter got a boost, added 590 nautical miles to its range, going from 4,410 to a full 5,000 nautical miles. The news is good, certainly, but Boeing was not exactly forthcoming about what allowed the planes to suddenly pick up that little extra fuel efficiency. Boeing also, reports noted, could not resist the chance to poke at its immediate rival Airbus (EADSY), noting that the "…777X has more range capability…" than the A350-1000. ## **Is Boeing a Good Stock to Buy Right Now?** Turning to Wall Street, analysts have a Strong Buy consensus rating on BA stock based on 15 Buys and one Hold assigned in the past three months, as indicated by the graphic below. After a 2.24% rally in its share price over the past year, the average BA price target of $274.46 per share implies 22.48% upside potential. ### Related Stocks - [BA.US](https://longbridge.com/en/quote/BA.US.md) - [BOEU.US](https://longbridge.com/en/quote/BOEU.US.md) - [BOEG.US](https://longbridge.com/en/quote/BOEG.US.md) - [BOED.US](https://longbridge.com/en/quote/BOED.US.md) - [EADSY.US](https://longbridge.com/en/quote/EADSY.US.md) - [BOE.UK](https://longbridge.com/en/quote/BOE.UK.md) ## Related News & Research - [Next narrow-body plane? Airlines prefer faster deliveries of existing orders](https://longbridge.com/en/news/293757327.md) - [Waverly Advisors LLC Boosts Holdings in The Boeing Company $BA](https://longbridge.com/en/news/294040400.md) - [Luxair Continues To Soar With Additional Order For Boeing 737 Jets | BA Stock News](https://longbridge.com/en/news/293326564.md) - [Airbus comes for Boeing in battle over world’s biggest jets](https://longbridge.com/en/news/293365639.md) - [Aureus Asset Management LLC Reduces Stock Holdings in The Boeing Company $BA](https://longbridge.com/en/news/293574141.md)