Boeing shares rose more than 1% in premarket trading as the company announced an order for 19 767 Freighters from UPS.

Boeing shares rose more than 1% in premarket trading as the company announced an order for 19 767 Freighters from UPS."The Boeing 767 is the most versatile aircraft we operate," said UPS U.S. Operations PresidentNando Cesarone. "Our plan to purchase 19 aircraft and take delivery between 2023 and 2025 aligns with the strategy and capital expenditure forecast shared during ourJune 2021Investor and Analyst Day. It also supports our sustainability efforts by making our fleet more efficient and improving reliability," he said.

The deal adds to a record-breaking year for Boeing freighter sales, including 80 firm orders for new widebody freighters and more than 80 orders for Boeing Converted Freighters. In 2021 air cargo demand has surged due to an expansion of e-commerce and express cargo markets.

"This latest order for 19 jets bookends an incredible year for the Boeing Freighter family," saidIhssane Mounir, Boeing senior vice president of Commercial Sales and Marketing. "Since the program was launched, UPS has recognized the value of the 767 Freighter and utilized the airplane's outstanding cargo capabilities throughout its network. These new jets will enable UPS to meet expected near-term and long-term cargo demand with the proven economics, reliability and flexibility that are synonymous with the 767 Freighter."