Why Boeing Stock Is Flying Higher Today
On Monday, Boeing (NYSE: BA) secured a massive new order, including a key win for a troubled new program. That helped push the stock up about 5% on a good day on Wall Street.
Boeing has had its troubles in recent years, including issues related to its 737 MAX and a broader aviation slowdown due to the pandemic. The company's 777 program, though less prominent, has also had its share of troubles. One customer accounts for about one-third of the order book for the new version of the 777, and that customer has voiced concerns about the plane due to development delays.
A rendering of the Boeing 777-8 freighter. Image source: Boeing.
Source Fool.com
