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Boeing Reports Positive Bookings For February, Stock Rises

By John F. Heerdink, Jr.

Aerospace giant, Boeing (BA) reported more orders than cancellations in February after 14 months of unrest that included the 737 Max grounding and the pandemic. Boeing managed 82 new orders in February, including 25 Boeing 737 Max jets orders by United Airlines and 14 737 Max planes for an unidentified customer. It recorded 51 cancellations, including Singapore Airlines’ cancellation for 19 787 Dreamliners and an order for 11 777X planes.

Meanwhile, Boeing delivered 22 planes last month, including 18 737 Max jets, the troubled jet that resumed passenger flights in Brazil, the U.S., and Europe. China is a major market for Boeing, but Chinese authorities have yet to lift the grounding for the aircraft.

Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space, and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.

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(Read Original Story: Boeing Stock Rises As Order Book Finally Turns Positive in Investor's Business Daily)


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