Boeing Pounces On Lion Air Deal, Stock Soars On China's Xi

Boeing (BA) scored a big deal with Indonesia's Lion Air, with the stock getting a further boost from China President Xi Jinping's promise to cut import tariffs, easing trade war fears.

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The aeronautical giant won an order to supply 50 737 MAX 10 narrowbody jets with a list price of $6.24 billion. Big orders are often heavily discounted. Lion Air also said it will place a provisional order for 787 widebody jets in the next few weeks.

Boeing stock jumped about 4% to 335.20 on the stock...

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