Boeing Lands Historic Order with Qatar Airways

Published 7 hours agoBA

Boeing Lands Historic Order with Qatar Airways

Boeing has signed a major deal with Qatar Airways, securing its largest-ever wide-body aircraft order. This landmark agreement includes a commitment from Qatar Airways to buy up to 210 Boeing planes, split between 130 787 Dreamliners and 30 777X models, with options for 50 more. The order, valued at approximately $96 billion, represents a significant boost for Boeing amidst challenging market conditions, as reported by the Financial Times.

The deal is part of larger economic engagements worth $243 billion between the U.S. and Qatar, expanding into various sectors like defense, energy, and technology. An essential component of this agreement is the purchase of 400 wide-body engines from GE Aerospace, marking GE's largest engine contract to date. However, specific timelines for delivery and other financial arrangements have not been disclosed yet.

Boeing's stock saw a 1.5% uptick following the announcement, indicating a positive reception from investors. This order underscores the strategic ties between the U.S. and Qatar, sealed during President Donald Trump's Gulf tour. It also arrives amidst U.S.-China trade tensions, providing Boeing with a significant opportunity as its Chinese sales face potential disruptions.

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