Boeing Co BA shares are trading higher by 2.9% at $248.28 Thursday afternoon amid overall market strength. The company earlier agreed to pay a $17 million fine for production lapses related to the 737.
Boeing is a major aerospace and defense firm. With headquarters in Chicago, the firm operates in four segments, commercial airplanes, defense, space & security, global services, and Boeing capital.
Boeing's commercial airplanes segment generally produces about 60% of sales and two-thirds of operating profit, and it competes with Airbus in the production of aircraft ranging from 130 seats upwards. Boeing's defense, space & security segment competes with Lockheed, Northrop, and several other firms to create military aircraft and weaponry.
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