RTX - Boeing aerospace peers slammed by fears over new COVID variant

Boeing (NYSE:BA) -6.2% pre-market, and aerospace supplier stocks including Spirit AeroSystems (NYSE:SPR), Triumph Group (NYSE:TGI), Howmet Aerospace (NYSE:HWM) and TransDigm (NYSE:TDG) are all indicated sharply lower on fears of the new coronavrius variant discovered in South Africa. Airbus (OTCPK:EADSF, OTCPK:EADSY) shares -10% in European trading. Shares of the industrial conglomerates also are suffering: GE -4.8%, RTX -2.9%, DOW -2.4%, DD -2.3%, HON -2.1%. Separately, Canada has told Boeing that its F-18 Super Hornet is no longer a contender for a multi-billion dollar fighter jet contract since it does not meet the required standard, Reuters reports. If accurate, the news would mean that only Lockheed Martin (NYSE:LMT) and Sweden's Saab remain in the race for a contract that could be worth as much as C$19B (US$15B). Analysts had been regaining positive sentiment on Boeing in recent days, with multiple upgrades coming out last week.

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Boeing, aerospace peers slammed by fears over new COVID variant