Boeing Hits 52-Week Stock High After Qatar Airways Agreement

Published 16 hours agoBA

Boeing Hits 52-Week Stock High After Qatar Airways Agreement

Boeing has achieved a significant milestone with its stock reaching a 52-week high, following a landmark agreement with Qatar Airways. This development comes as Qatar Airways commits to purchasing up to 210 Boeing aircraft, including 130 787 Dreamliners and 30 777X jets, with options for 50 additional wide-body aircraft. The total deal is valued at approximately $96 billion.

The agreement is part of a larger framework of economic deals between the United States and Qatar, which collectively aim to facilitate $1.2 trillion in economic exchange. Significantly, the dea also includes the purchase of 400 wide-body engines from GE Aerospace, making this the largest order of its kind for the company. Reuters reports that the total economic agreements with Qatar amount to around $243 billion.

This transaction highlights Boeing's strategic recovery efforts in the aerospace market and reflects growing ties between the US and Qatar. The announcement coincided with US President Donald Trump's Gulf tour, emphasizing the strengthening economic relationships between the two nations. As a result of this mega-deal, Boeing's shares increased by 1.5%, reaching their highest in over a year, as noted by AP News.

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