Boeing, aviation companies advance after aircraft orders soared

theflyonthewall.com

Boeing (BA) and a number of other aviation stocks are climbing after the government reported that orders for commercial aircraft soared last month. WHAT'S NEW: Orders for commercial aircraft jumped 95.3% in February compared with January, according to the Associated Press. The large jump in the volatile aircraft orders came after they tumbled 24% in January from December, the news service added. WHAT'S NOTABLE: Boeing's stock has rallied 14% in the last month. TODAY'S PRICE ACTION: In mid-afternoon trading, Boeing gained 2% to $86.50, Spirit Aerosystem (SPR) climbed 1.6% to $18.50, LMI Aerospace (LMIA) advanced 3% to $21.10, General Dynamics (GD) added 1% to $70.25 and Brazilian plane maker Embraer (ERJ) rose 3.5% to $35.35.

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