Boeing wins space taxi contract

Article Excerpt

BOEING CO. $129 (New York symbol BA; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 720.6 million; Market cap: $93.0 billion; Price-to-sales ratio: 1.1; Dividend yield: 2.3%; TSINetwork Rating: Above Average; www.boeing.com) has won a contract from the U.S. National Aeronautics and Space Administration (NASA) to develop a new vehicle that will carry astronauts to and from the International Space Station. Boeing will build three of its Crew Space Transportation (CST-100) crew capsules at the Kennedy Space Center in Florida. The contract is worth $4.2 billion, which is equal to 5% of the company’s annual revenue of $88.4 billion. NASA, which retired its space shuttle fleet in 2011, plans to resume manned space flights in 2017. Boeing is a buy. buy…