Shares of Boeing Co. BA, +5.26% powered up 6.0% in midday trading Monday, to pace all 30 Dow Jones Industrial Average DJIA, +2.15% components gaining ground, after United Airlines Holdings Inc. UAL, +1.47% disclosed orders to buy 25 Boeing 737 Max planes. The aerospace and defense giant’s stock price gain of $12.64 was adding 83 points to the price of the Dow, which was rallying 672 points. In United Airlines’ 10-K filing with the Securities and Exchange Commission, the air carrier said on Feb. 26, it entered into agreements for “a firm order” of 737 Max aircraft for delivery in 2023. Financial terms of the deal were not disclosed. United now has firm commitments to buy 188 737 MAX planes, including 21 to be delivered this year, 40 to be delivered in 2022 and 127 to be delivered after 2022. United also has commitments for 11 Boeing 787s for delivery this year. United’s stock surged 5.2% in midday trading. Over the past three months, Boeing shares have gained 5.5% and United’s stock has soared 22.2%, while the Dow has gained 6.0%.
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