Boeing stock climbs after Lufthansa orders 737s for the first time since 1995

Boeing stock climbs after Lufthansa orders 737s for the first time since 1995


Shares of Boeing Co.
BA,
-1.46%
climbed 1.1% in premarket trading Tuesday, after the aerospace and defense giant announced a an order for up to 100 737 MAX jets by European airline Lufthansa Group
DLAKY,
-1.81%

LHA,
+1.18%.
The order by Lufthansa, which is the first by airline for 737 aircraft since 1995, includes a firm order of 40 planes with options for 60 more. Boeing’s stock had slipped 1.5% on Monday, after closing Friday at the highest price since March 2021. That decline snapped an eight-session win streak, which was the longest since the nine-day win streak that ended Oct. 25, 2022. The stock has rocketed 27.4% over the past three months through Monday, while the S&P 500
SPX,
+0.45%
has tacked on 6.7%.



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