Boeing Is Falling On Eric Cantor's Shocking Defeat (BA)

<span style="font-size: 15px; line-height: 1.5em;"><img src="http://static5.businessinsider.com/image/52f2876969bedd7a5a67dd51-1200-800/boeing-15.jpg" border="0" alt="Boeing 15" />Boeing lost a friend in Eric Cantor last night.</span>

<span style="font-size: 15px; line-height: 1.5em;">Shares of Boeing are down more than 2% following the primary defeat of Republican House Majority Leader Eric Cantor, </span><span style="font-size: 15px; line-height: 1.5em;"></span>reports Bloomberg<span style="font-size: 15px; line-height: 1.5em;">. </span>

<span style="line-height: 1.5em;">Cantor's loss could put reauthorization of the </span>Export-Import Bank<span style="line-height: 1.5em;"> - which assists in financing the export of U.S. goods to international markets - at risk. </span>

<span style="line-height: 1.5em;">Financing from the Export-Import Bank would support $10 billion worth of Boeing's 2014 sales, Bloomberg said. </span>

<span>Chris Krueger, senior policy analyst at Guggenheim told Bloomberg in an email that Boeing was the "biggest loser" besides Cantor.</span>

In its first-quarter earnings release, Boeing said 37% of its $67 billion of backlog order in its defense, space, and security segment were with international customers.

<span>Boeing is the biggest loser in the blue-chip Dow Jones industrial average.</span>

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