Shares in Boeing (NYSE:BA) closed up on Feb. 20, bucking a bad market day that saw the Dow Jones Industrial Average plunge 108 points.
Boeing, one of 30 components in the Dow, announced it has secured a contract to provide the U.S. Air Force with a "lightweight, compact laser targeting system designed to improve the effectiveness of battlefield airmen on Close Air Support missions."
While the contract is for only $3 million, Boeing said it has the potential for developing into a $100 million deal.
Boeing closed up 13 cents per share to close at $74.78.
Boeing stock is down just under one percent for 2013, as well as for the past 12 months.
Investors who bought the stock 10 years ago, however, and held on through thick and thin would have seen the stock value climb 148 percent and received quarterly dividends.
The company’s current dividend is about 2.59 percent, as of Wednesday’s closing price.
Boeing refers to its Defense, Space & Security Division as "one of the world's largest defense, space and security businesses specializing in innovative and capabilities-driven customer solutions, and the world's largest and most versatile manufacturer of military aircraft."
The division does $33 billion in business and employs 60,000 throughout the globe, the company said.
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