Boeing's (NYSE:BA) shares moved sharply upward after U.S. Secretary of Commerce Howard Lutnick said at a White House press conference that an upcoming trade deal between the United States and United Kingdom includes a $10 billion order for Boeing planes.

British Airways’ parent company has bought 32 new Boeing planes from the US - a move that comes as part of the UK's newly brokered trade agreement with the US on Thursday.

Boeing’ stock rallies toward a 14-month high as trade deal with China fuels hope of new orders and deliveries announcements.