MW Boeing's stock jumps as China trade deal leaves door open for new plane orders

By Tomi Kilgore

Stock heads for highest levels in more than a year amid hopes that bilateral U.S. trade deals will lead to announcements of new orders and deliveries

Shares of Boeing Co. climbed to the highest prices seen in over a year on Monday as the U.S.-China trade deal boosted hopes for more plane orders and deliveries.

The China deal comes less than a week after a preliminary trade agreement with the United Kingdom was reached, which was followed by a $10 billion order for Boeing jets from the London-based parent of British Airways.

Boeing's stock $(BA)$ was up 1.6% in midday trading, tracking toward the highest closing price seen since March 2024. The U.K. deal and British Airways order helped propel the stock upward by 5% over two sessions to end last week.

Investors cheered the China deal, because Chief Executive Kelly Ortberg had indicated in Boeing's earnings call in late April that China was the only region where tariffs had caused an "issue" with deliveries.

The CEO said then, according to a FactSet transcript, that "many of our customers in China had indicated they will not take delivery."

While there was no mention of jet deliveries in the deal announced Monday, investors appeared hopeful that word of deliveries, and even new orders, may come to light.

Boeing didn't specify how much of its revenue comes from China. But in the first quarter the company said its commercial airplane business generated $2.96 billion in revenue from contracts with customers in Asia, or about 36% of the total for that business.

Boeing's stock has rocketed 44.9% since it closed at a 21/2-year low of $136.59 on April 4 and has now run up 11.8% in 2025. In comparison, the S&P 500 index SPX remains lower by 1.2% this year.

-Tomi Kilgore

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May 12, 2025 13:10 ET (17:10 GMT)

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