Boeing Stock Surges: FAA Clears Production Boost and Big Orders Fuel Rally
U.S. regulators on Oct 17 approved Boeing to raise 737 MAX production from 38 to 42 jets per month, ending a two-year cap. Boeing shares closed at $212.94, up about 1.2% after the news. The company delivered 55 jets in September, its best month since 2018. Major recent orders include 22 Dreamliners for Uzbekistan Airways and 75 for Turkish Airlines.