Will a Recent Deal Help Boeing Continue to Rise?
T = Trends for a Stock’s Movement
Boeing is an aerospace company. It focuses primarily on engineering, information technology, research and development, test and evaluation, technology strategy development, environmental remediation management, and intellectual property management. The company operates in five segments: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital Corporation.
Boeing received an $11 billion order for 34 of its 777-9X planes from Deutsche Lufthansa. The German carrier also ordered 25 A350-900 jets worth $8 billion from Boeing’s European rival, Airbus, according to a Reuters report. The new Boeing and Airbus jets will reduce Lufthansa’s fuel costs by 25 percent to help the company better compete with rivals on routes to Asia.