US EditionQatar signs $200 billion deal to buy jets from Boeing during Trump visit
- Qatar Airways signed a $96 billion deal on Wednesday in Doha to purchase up to 210 Boeing 787 Dreamliner and 777X jets powered by GE Aerospace engines.
- The agreement came after roughly two hours of discussions involving President Donald Trump, Boeing CEO Kelly Ortberg, and Qatar’s ruler, Sheikh Tamim bin Hamad Al-Thani, and included defense contracts such as the acquisition of MQ-9B drones.
- The order includes 130 Dreamliners, 30 Boeing 777-9 jets still awaiting FAA certification, and options for 50 additional aircraft, representing Boeing's largest widebody and 787 order.
- Boeing shares increased by 0.6 percent following the signing, while analysts highlighted that the jets from the order are not expected to generate revenue for several years due to production schedules, describing the deal as a strong endorsement of the long-delayed 777X program.
- The deal bolstered Boeing's position yet sparked political controversy over Trump accepting a luxury Boeing 747-8 jet from Qatar, with Senate Minority Leader Chuck Schumer calling it a "grave national security threat.
347 Articles
347 Articles
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White House touts Boeing aircraft, GE Aerospace engine sales to Qatar - Overpasses For America
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