logo
Plus   Neg
Share
Email

Stock Alert: Boeing Shares Up 3%

Shares of The Boeing Company (BA) are currently trading at $254.05, up $9.18 or 3.75% Monday morning, with trading volume of 3.64 million more versus an average volume of 16.4 million shares.

Boeing and Southwest Airlines, on Monday, announced the carrier would continue to build its business around the 737 MAX family with a new order for 100 airplanes and 155 options across two models. The deal comes after a multi-year fleet evaluation by Southwest and means that Boeing and its suppliers could build more than 600 new 737 MAX jets for the airline through 2031.

The new purchase agreement takes Southwest's order book to 200 737-7s and 180 737-8s, more than 30 of which have already been delivered. Southwest would also have 270 options for either of the two models, taking the carrier's direct-buy commitment to more than 600 airplanes. The airline also plans additional 737 MAX jets through third-party lessors.

For comments and feedback contact: editorial@rttnews.com

Business News

Invest in the Best Biotech Stocks by Subscribing to RTT Biotech Investor.
Follow RTT