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 best defense stocks that will skyrocket. On April 14, The Boeing Company (NYSE:BA) confirmed it delivered 143 commercial aircraft in the first quarter of the year. The deliveries included 114 Boeing 737 aircraft, 15 Boeing 787 aircraft, 8 Boeing 777 aircraft, and 6 Boeing 767 aircraft.

Jirat Teparaksa/Shutterstock.com

The company’s Defense Space and Security division also reported deliveries. The orders included 17 AH-64 Apache helicopters, made up of two new aircraft, and 15 remanufactured units. Boeing also delivered two CH-47 Chinook helicopters, one new and one renewed.

On the other hand, the US Army has awarded the company a $324 million contract to deliver 6 CH-47F Block II Chinook helicopters. The new contract brings the total number of CH-47F Block II aircraft under contract to 24. It builds on the company securing a $1.19 billion, three-year contract to maintain and support the Army’s Apache attack helicopters and Chinook heavy-lift helicopters operated by Britain’s Royal Air Force.

In February, the company received initial qualification for 777-9 training devices. Consequently, the company is one step closer to conducting regulator-approved training on the Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA) issuing simulator qualification certificates.

The Boeing Company (NYSE:BA) manufactures combat and surveillance aircraft, cargo planes, satellites, weapons, and is advancing autonomous 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: 12 Best Data Center Stocks to Buy Right Now and Top 10 Growth Stocks in Billionaire Philippe Laffont’s Portfolio.

Disclosure: None. Follow Insider Monkey on Google News.