Why Shares of Boeing Are Up Today
Shares of Boeing (NYSE: BA) climbed 5.9% in pre-market trading Wednesday after the Federal Aviation Administration cleared the company's troubled 737 MAX to return to service. That's a big milestone for the aerospace giant, but only one small step in what will likely be a multiyear recovery for the stock.
The 737 MAX was grounded in March 2019 after a second fatal accident involving the plane. Investigators in the months that followed placed the blame on Boeing software designed to keep the plane stable in flight, and ordered a series of changes.
Image source: Boeing.
Source Fool.com
