Boeing recently added a new research facility to test software and hardware included in their new generation of unmanned air, sea, and land vehicles. “Collaborative technology is at the forefront of innovation for taking advanced vehicles that already carry out dull, dirty or dangerous work, such as assisting in search and rescue, firefighting and military missions, and making them even more effective,” explained Nancy Pendleton, head of the Boeing’s Research & Technology research center in Missouri.
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Currently, the analyst consensus on Boeing is Moderate Buy and the average price target is $158.80, representing a 22.4% upside.
In a report issued on June 20, Deutsche Bank also reiterated a Buy rating on the stock with a $160 price target.