Boeing Shares Up On $4.9 Billion 737 Order

Shares of The Boeing Company BA were up about 1 percent Monday on news of a $4.9 billion order from Garuda Indonesia.

According to a press release from Boeing, the "flag carrier of Indonesia will purchase 46 737 MAX 8s and will convert existing orders for four Next-Generation 737-800s to 737 MAX 8s."

"The 737 MAX 8 represents a bright, efficient future for Garuda Indonesia," said Emirsyah Satar, chief executive officer, Garuda Indonesia. "This order helps continue our commitment to offer the people of Indonesia and Southeast Asia the most comfortable, most efficient air travel in the region."

Boeing noted that the "total number of 737 MAX orders to date is 2,295 airplanes from 47 customers worldwide."

Boeing recently traded at $122.53, up 0.83 percent.