Why the Stocks of Boeing Suppliers Spirit AeroSystems and Triumph Group Took Off on Thursday

Lou Whiteman, The Motley Fool

December 3, 2020 at 3:51 p.m.·3 min read

Why the Stocks of Boeing Suppliers Spirit AeroSystems and Triumph Group Took Off on Thursday

The Boeing (NYSE: BA) 737 MAX is flying again, and it's giving a lift to the stocks of Boeing suppliers, including Spirit AeroSystems Holdings (NYSE: SPR) and Triumph Group (NYSE: TGI) as well. Shares of both companies rose as much as 10% on Thursday after Boeing got its first major order for the plane in nearly two years. The 737 MAX was grounded in March 2019 after a pair of fatal accidents, and both Boeing and its suppliers have suffered in the months since.

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