Boeing stock climbs after Lufthansa orders 737s for the first time since 1995

Shares of Boeing Co.
BA,
+1.12%
climbed 1.1% in premarket trading Tuesday, after the aerospace and defense giant announced a an order for up to 100 737 MAX jets by European airline Lufthansa Group
DLAKY,
+1.61%

LHA,
+1.04%.
The order by Lufthansa, which is the first by airline for 737 aircraft since 1995, includes a firm order of 40 planes with options for 60 more. Boeing’s stock had slipped 1.5% on Monday, after closing Friday at the highest price since March 2021. That decline snapped an eight-session win streak, which was the longest since the nine-day win streak that ended Oct. 25, 2022. The stock has rocketed 27.4% over the past three months through Monday, while the S&P 500
SPX,
+0.30%
has tacked on 6.7%.