Boeing Shares Skyrocketing: What Does Mega-Order News From China Mean For The Manufacturer?

On Tuesday, September 23, shares of US-based aerospace manufacturer Boeing (NYSE: BA) rose around 2% following exciting news about a potential new order from China. This reported deal could be for up to 500 jets, and it would end a sales drought by Chinese airlines that has been hurting Boeing’s bottom line since 2017. Separately, the European Union extended its review of Boeing’s $4.6 billion purchase of Spirit AeroSystems back to October 14, giving Boeing much-needed time to modify its acquisition bid.