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June 18, 2019, 7:41 a.m. EDT

Boeing's stock climbs, after commitments for Dreamliners announced

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By Tomi Kilgore

Shares of Boeing Co. /zigman2/quotes/208579720/composite BA +1.10% rose 1.1% in premarket trading Tuesday, after the aerospace and defense giant announced a commitment from aircraft leasing company Air Lease Corp. /zigman2/quotes/201894804/composite AL -1.89% to buy five 787-9 Dreamliners valued at $1.5 billion. "We are thrilled that ALC has decided to add more 787 Dreamliners to its elite portfolio of airplanes that they place with customers across the globe," said Ihssane Mounir, senior vice president of commercial sales and marketing at Boeing. This follows an announcement at the Paris Air Show earlier Tuesday from Boeing, Korean Air and Air Lease (ALC) that Korean Air has committed to buying 10 new 787-10s and 10 additional 787-9 airplanes valued at $6.3 billion, and will lease 10 787-10s from ALC. Boeing's stock has gained 10.1% year to date through Monday and Air Lease shares have rallied 28.0%, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.14% has advanced 11.9%.

Read the full story:
S&P 500 ends within 1% of record ahead of pivotal Fed meeting

/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 379.76
+4.13 +1.10%
Volume: 3.63M
Sept. 13, 2019 6:30p
P/E Ratio
44.47
Dividend Yield
2.16%
Market Cap
$213.70 billion
Rev. per Employee
$660,961
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/zigman2/quotes/201894804/composite
US : U.S.: NYSE
$ 44.03
-0.85 -1.89%
Volume: 788,746
Sept. 13, 2019 6:30p
P/E Ratio
9.01
Dividend Yield
1.18%
Market Cap
$4.92 billion
Rev. per Employee
$17.32M
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,219.52
+37.07 +0.14%
Volume: 255.26M
Sept. 13, 2019 4:56p
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