Boeing Stock Soars on Defense Demand and FAA Inspection Orders
Boeing's stock price rose 8% this week, according to Quiver Quantitative. The company's shares closed at $233.49 on Thursday after trading between $219.21 and $234.09.
The Pentagon is urging defense contractors, including Boeing, to increase weapons production in response to global tensions.
Additionally, the FAA has ordered inspections of hundreds of 737 MAX jets due to concerns about possible cracks.