In the ever-growing realm of artificial intelligence (AI) hype, there is one aerospace and defense firm that may be flying under the radar: Boeing.
Overlooked Opportunities: Airbus Deal Hints at Boeing’s AI Advantage
A recent potential deal involving European rival Airbus sheds light on why Boeing should not be underestimated. According to The Wall Street Journal, Airbus is currently in talks to acquire the cybersecurity unit of Atos, a prominent French company, for a staggering $2 billion. This move by Airbus highlights the importance of bolstering their defense and security portfolio through advanced computing and AI.
Competitors and Clues: Boeing Learns from Airbus
Boeing and Airbus have long been fierce competitors, primarily in the commercial aircraft industry. However, observing the actions of one company can often provide insights into the strategies of the other. Considering Airbus’s interest in AI, it becomes evident that Boeing could also greatly benefit from embracing this technology. In defense operations, the ability to rapidly analyze vast amounts of data holds immense value. Furthermore, robust security measures are crucial, as Boeing experienced a cyberattack last year that resulted in stolen data held for ransom.
Stocks React: Boeing and Airbus Face Different Trajectories
Despite the current talks and AI focus surrounding Airbus, Boeing’s shares witnessed a slight decline of 0.6% during premarket trading on Wednesday. Nevertheless, over the past three months, Boeing’s shares have soared by approximately 35%. In comparison, Airbus shares dipped by 1.4% during early Paris trading.
A Rising Tide: Lockheed Martin and General Dynamics Gain Momentum
While Boeing and Airbus tread different paths, other key defense firms are capitalizing on the AI trend. Both Lockheed Martin and General Dynamics saw their stocks rise during premarket trading.
In conclusion, it is abundantly clear that the technological revolution driven by AI presents immense opportunities for Boeing. As the aerospace and defense industry embraces the potential of advanced computing and robust cybersecurity, Boeing can position itself at the forefront of this transformative era.