Boeing plane on the tarmac of an airport.

Why Boeing Shares Are Surging On Tuesday?

Details

During the fourth quarter, Boeing delivered 160 commercial airplanes, bringing the full-year total to 600.

Within the commercial segment, the 737 family led the deliveries, with 117 units delivered in the fourth quarter.

Boeing's Defense, Space & Security division also remained strong, delivering 37 defense aircraft in the fourth quarter, bringing the annual total to 131 units.

This included a range of both new and remanufactured AH‑64 Apache helicopters, CH‑47 Chinook helicopters, F‑15 and F/A‑18 fighters, KC‑46 tankers and MH‑139 helicopters.

Aviation Capital & Delta Air Order

In separate releases today, Boeing disclosed a 50 737 MAX aircraft order from Aviation Capital Group LLC. To date, lessors have ordered nearly 1,300 737 MAX jets, accounting for about one-fifth of the total 737 MAX backlog.

Boeing will report fourth-quarter results on January 27th.

BA Price Action: Boeing shares were up 2.34% at $245.42 at the time of publication on Tuesday. The stock is trading at a new 52-week high, according to Benzinga Pro data.

Photo by BlueBarronPhoto via Shutterstock

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.