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Will Boeing (BA) Stock Be Lifted by Chinook Helicopter Sales Expectations?

NEW YORK (TheStreet) -- The Boeing Co. (BA - Get Report) officials are confident in the company's CH-47F Chinook cargo helicopters and by 2022 it expects to sell 150 helicopters of them to international buyers.

Boeing's VP for cargo helicopters Stephen Parker stated that he is optimistic that the production line will move forward," Reuters reports.

Buyers are from several different places such as Europe, the Middle East and Africa, Reuters noted.

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In addition, sales include foreign military and direct commercial.

Boeing shares are down 0.31% to $140.24 on Tuesday.

Based in Chicago, Boeing designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide.

Separately, TheStreet Ratings team rates BOEING CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

We rate BOEING...