The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

The Boeing Company (NYSE:BA) is one of the 8 Best Large Cap Stocks to Invest In Right Now. On April 16, Reuters reported that The Boeing Company (NYSE:BA) and ‌its unit Millennium Space Systems are working to increase satellite production capacity and develop a ​new satellite platform to try and meet a growing backlog of ⁠orders.

According to the report, The Boeing Company (NYSE:BA) is looking to deliver 26 satellites in 2026, a significant rise from 11 deliveries in 2025. The company is aiming to benefit from the growing reliance on satellite infrastructure in the defense and internet connectivity sectors.

As part of this effort, The Boeing Company’s (NYSE:BA) Resolute, a new mid-class satellite ​platform, will handle missions that need “more capability than ‌a ⁠traditional small satellite can provide, with greater speed and flexibility than a typical large satellite program.”

The Boeing Company (NYSE:BA) stated that it will be investing in integrating its products with those of Millennium Space Systems to increase production. The report by Reuters noted that space-based technologies, from satellite-enabled ​communications ⁠to surveillance, have already been used in recent conflicts, including US strikes in Venezuela and the US-Israeli war on Iran in 2026.

The Boeing Company (NYSE:BA) is a leading global aerospace company that manufactures and services commercial airplanes, defense products, and space systems.

While we acknowledge the potential of BA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best Performing AI Stocks to Buy and 10 Unrivaled Stocks of the Next 5 Years.

Disclosure: None.  Follow Insider Monkey on Google News.