Home Wealth  Money Airlines and Aerospace: AMR Upgraded, Boeing Books Record Order

Airlines and Aerospace: AMR Upgraded, Boeing Books Record Order

Posted: Nov. 19th, 2011  |  By Forbes

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Airline stocks are getting a boost today.

Leading the charge is American Airlines (nyse: AMR - news - people ) parent AMR Corp. , which is trading higher today after it was upgraded to hold from sell by Dahlman Rose.

AMR is trading up over 4.6% today, while the Guggenheim Airline ETF is trading flat.

In the aerospace industry, Boeing (nyse: BA - news - people ) shares are trading higher today after the company said late yesterday Jakarta-based Lion Air would purchase 201 737 MAX aircraft as well as 29 Next-Generation 737-900 extended range planes.

The list price of the planes is $21.7 billion, the largest commercial airplane order in Boeing's history by dollar volume and number of planes.

The agreement includes purchase rights for an additional 150 aircraft.

Boeing shares are trading up over 1.7% Friday.

Boeing is the #2 holding in the iShares Dow Jones US Aerospace & Defense Index Fund , trading up .1% Friday. Top holding United Technologies (nyse: UTX - news - people ) is trading down a few pennies.

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