Intel stock spikes after report of possible US government stake
Amuluru Uma M, Executive Vice President and Chief Human Resources Officer at Boeing Co (NYSE:BA), a prominent player in the Aerospace & Defense industry with a market capitalization of $133 billion, recently executed a sale of company shares. According to a recent SEC filing, Amuluru sold 3,158.777 shares of Boeing’s common stock on February 20, 2025, at an average price of approximately $180.69 per share, close to the stock’s current trading level of $177.15. This transaction amounted to a total of $570,759.
In addition to the sale, Amuluru acquired 8,291 restricted stock units on February 19, 2025, at no cost. These units are set to vest over the next three years, with specific vesting dates in 2026, 2027, and 2028. Furthermore, Amuluru was granted stock options for 23,513 shares with an exercise price set at 120% of the average high and low trading prices on the grant date. These options will become fully vested and exercisable on February 19, 2028.
Following these transactions, Amuluru holds 19,212.716 shares directly in Boeing.
In other recent news, Boeing has appointed Jeff Shockey as the new Executive Vice President of Government Operations, Global Public Policy & Corporate Strategy, effective February 24, 2025. Shockey, who will report to CEO Kelly Ortberg, will oversee Boeing’s global public policy initiatives and government relations. Meanwhile, Boeing is facing challenges with the delivery of new Air Force One jets, as President Trump has engaged Elon Musk to explore options to expedite the process. The project, initially contracted in 2018, is behind schedule, with Boeing executives suggesting delivery might not occur until the end of Trump’s second term.
In financial developments, Viking Global Investors has made a significant investment in Boeing, purchasing 2.9 million shares valued at approximately $526 million. This move comes amid Boeing’s efforts to stabilize production after facing safety concerns and reporting an $11.8 billion loss. Viking Global’s investment decision aligns with other investors, such as Soros Fund Management and Discovery (NASDAQ:WBD) Capital Management, who have also increased their stakes in Boeing. Additionally, BAE Systems (LON:BAES) is expanding its Endicott, New York facility to enhance its capabilities in aircraft electrification, adding 150,000 square feet to its operations. This expansion is part of BAE’s strategy to strengthen its position in the commercial aircraft electrification market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.