Boeing stock gains after record $200 million jet order from Qatar
By: bitcoin ethereum news|2025/05/15 05:00:16
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Qatar Airways signed a deal on Wednesday, May 14, to buy jets from U.S. manufacturer Boeing during President Trump’s visit to Qatar. Trump described the agreement as one of the largest in the history of American aviation, worth about $200 billion. Trump revealed that the deal will include 160 jets costing over $200 billion, describing it as “fantastic.” The U.S. president continued to praise the size of the deal and confirmed the two countries’ firm economic partnership. Boeing and GE Aerospace revealed the agreement’s finer details later, including up to 210 aircraft, including the 787 Dreamliner and 777x jets. Record deal signed in Doha in the presence of Trump and Emir Sheikh Boeing CEO Kelly Orberg, who signed the agreement with Qatar Airways CEO Badr Mohammed Al-Meer, was praised by Trump, saying it was the largest deal in Boeing’s history. Emir Sheikh Tamim bin Hamad Al-Thani and Trump witnessed the signing ceremony in Doha on Tuesday. Wow, the Emir of Qatar has just signed a $200 billion agreement to purchase 160 Boeing airplanes from the United States. This is all possible through the leadership of Donald J Trump .peace through strength. pic.twitter.com/aD9ftiDSQ8 — kooQue (@Overreport369) May 14, 2025 CEO Kelly argued that the deal shows Boeing’s efforts toward economic recovery since the pandemic era. The White House has confirmed that the agreement will create 154,000 U.S jobs yearly and over 1 million total local jobs throughout the production and delivery period. Boeing stock is up 1% today, just after the Qatar Airways deal announcement, reaching its highest since February. According to NYSE data , the stock is up by 19.4% YTD. The deal came just after recent reports of negotiations over a proposed gift to the U.S. president of a $400 million luxury plane. Trump revealed that the gift could be used as Air Force One transport, raising ethical and security concerns among Americans. Trump visited the Gulf states for the second tour, striking several deals with Saudi Arabia and other Gulf states. Elon Musk joined him on the Gulf tour today and met with the Governor of Qatar Central Bank and the chairman of the board of directors of the Qatar Investment Authority. They discussed global financial and investment developments. Musk spoke about his previous business exploits and the philosophy of “curiosity” on stage with Saudi Arabian Minister Abdullah Aswaha. Aircraft models and other terms of the deal are still unclear The overall value and quantity of the agreement were highlighted during the ceremony, leaving out key details. Boeing and Qatar Airways have not contacted the public about the breakdown of the aircraft types to be ordered. Contractual obligations and firm deposit requirements are among the questions that are still unanswered. According to recent publications from Boeing, 777X jets are the most expensive, although the company no longer issues public catalog prices. Aviation analysts estimate a deal for 160 long-range aircraft worth around $70 billion. They revealed that airlines typically get huge discounts for bulk deals. The Qatar government served as a key mediator in negotiations between the U.S and Hamas during the Gaza War. Trump believes the country to be the central player in American diplomatic efforts in the Middle East. Trump also has business dealings in Qatar, including the recent announcement of a luxury golf resort north of Doha. Qatar has ties with Iran, which the American government has viewed as an opportunity for back-channel communications with Tehran. Pam Bondi, Trump’s pick as attorney general, was initially a foreign lobbyist for the Qatari government. Trump’s decision to visit Doha has been viewed as an acknowledgment of Qatari Emir Tamim bin Hamad Al Thani’s role in the U.S. President Trump announced the decision to lift sanctions on Syria. The decision was met with joy from displaced Syrians who believe that they can return to their homes after more than 14 years in refugee camps. Your crypto news deserves attention – KEY Difference Wire puts you on 250+ top sites Source: https://www.cryptopolitan.com/boeing-stock-gains-after-record-deal/
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