EADSY - Boeing CEO Hints at New Plane With Technology That Could Be Game-Changing
2023-06-13 10:06:00 ET
Boeing (NYSE: BA) CEO Dave Calhoun recently told the investment community that composites will play a significant role in the company's development of airplanes. That's excellent news for composite manufacturers like Hexcel (NYSE: HXL) and highlights the investment case for the composite specialist.
That said, is it enough to make the stock a buy considering that Boeing and Airbus (OTC: EADSY) aren't planning to develop a new plane anytime soon? Here's what you need to know.
The company is a leader in lightweight composite technology. Composites have a weight and strength advantage over traditional metals, meaning they can reduce operating costs and increase the durability of heavy equipment like airplanes, satellites, and wind turbines.
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Boeing CEO Hints at New Plane With Technology That Could Be Game-Changing