Photo: Stephen Brashear (Getty Images) Boeing (BA) secured a massive deal to manufacture planes for Qatar Airways, according to the White House. The deal calls for up to 210 planes, a combination of 787 Dreamliner and 777X aircraft, to be built by Boeing using engines from GE Aerospace (GE). It’s “Boeing’s largest-ever widebody order and largest-ever 787 order,” the White House said in a fact sheet it circulated Wednesday. The deal, which is worth $96 billion, will create 154,000 U.S. jobs annually and over one million U.S. jobs in total during production and delivery, according to the release. The announcement came while President Donald Trump is in Qatar on an official state visit. The agreement is a rare bright spot for Boeing. The company hasn’t turned an annual profit since 2018, the same year that one of its 737 Max jets crashed into the Java Sea, killing all 189 people on board. Another 737 Max crash the following year and a door plug blowout aboard an Alaska Airlines (ALK) flight in 2024created a rough few years for the company. Since the Alaska Airlines incident last January, the Seattle-based firm has faced intense FAA scrutiny and other technical issues that have led to manufacturing delays. In April, China told its airlines to stop accepting planes from Boeing in retaliation for President Trump’s tariffs on the nation. However, on Sunday, it was announced that Qatar is gifting Trump a $400 million Boeing plane for use as Air Force One. Some GOP lawmakers have expressed national-security concern over the potential exchange, while the president has defended it. “Only a FOOL would not accept this gift on behalf of our Country,” he posted on his Truth Social app. During an interview with Sean Hannity on Fox News (FOX) on Tuesday, he called critics of the deal “stupid.” Boeing’s stock was up 1% Wednesday afternoon. For the latest news, Facebook, Twitter and Instagram. View Comments
Boeing gets its biggest 787 jet order ever from Qatar Airways, the White House says
You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more
Start Your Free Trial Now!Download Free Report – Explore 3 Stock Ideas & Industry Insights
Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.
All investments involve risk—consider independent advice before making any investment decisions.
View 3 Research ReportsThis information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on ‘as is’ basis, using their API. The information and data provided on this page, as well as via the API, are not guaranteed to be real-time or accurate. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general informational purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine does not assume any responsibility for any trading losses you might incur as a result of using this information, data, or any analyst rating or recommendation provided. Kalkine will not accept any liability for any loss or damage resulting from reliance on the information, including but not limited to data, quotes, charts, analyst ratings, recommendations, and buy/sell signals sourced via the API.
Please be fully informed about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment. Kalkine does not provide any warranties regarding the information on this page, including, without limitation, warranties of merchantability or fitness for a particular purpose or use.
Please wait processing your request...