Boeing vs. Joby Aviation: Which Airplane Manufacturing Stock Promises High-Flying Profits?
Boeing has returned to profitability with $89.5B in revenue, while Joby burns cash but carries zero debt, a study in contrasting risk profiles.
Overview
Investors looking at the future of flight face a choice between a legacy giant and a disruptive newcomer. Choosing between Boeing Co (NYSE:BA) and Joby Aviation (NYSE:JOBY) depends on your appetite for risk.
Boeing remains an essential provider of commercial jets and defense systems globally. Joby Aviation is building an electric air taxi service designed to bypass urban traffic. Comparing them means weighing a massive, recovering manufacturer against a high-growth start-up that is still working to bring its primary product to the mass market.
Details
Boeing develops and services commercial airplanes and defense products for customers in over 150 countries, positioning it as a titan among industrial stocks. Its primary buyers include major commercial airlines and the U.S. government, specifically NASA and the Department of Defense. Customer concentration like this adds a layer of risk to the business.
Source
Originally published at www.fool.com.