End of Multi-Year Consolidation: Relief from the India Incident, a Major US Government Contract, and Analyst Support Drive Boeing's Stock Higher.

The stock of aircraft manufacturer Boeing (BA) is currently in a turnaround phase. The company now has three short-term drivers supporting it. Boeing was exonerated by preliminary investigation results regarding the Air India incident: The Indian accident investigation bureau found that a fuel shortage in both engines was the cause of the incident. There is no evidence of technical problems with the Boeing 787-8 or the GE GEnx-1B engines. The FAA has since confirmed that the affected fuel switches are safe. Boeing received a major contract...