Boeing secures 'largest-ever' order from Qatar
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Qatar awarded a contract for up to 210 new wide-body civilian airliners to Boeing on Wednesday, a blockbuster deal for the beleaguered aerospace company that was inked in a Doha ceremony where President Donald Trump hailed it as evidence of his abilities to promote U.S. economic interests overseas.
The White House announced that President Donald Trump secured economic exchanges with Qatar worth $1.2 trillion, a figure which includes a historic order for Boeing airliners.
One year after a major leadership overhaul and rough waters, Boeing landed a massive win that could benefit Spokane
The order will support 154,000 U.S. jobs annually, the White House said.
This deal supports the 600 workers GE Aerospace employs across Alabama, including the site in Auburn. The company generates 55 percent of its revenue from selling engines and services to international customers. In all, GE Aerospace facilities in 14 states will benefit from the deal, encompassing 20,000 jobs.
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The agreement comes as Qatar offered to donate a $400 million 747-8 jumbo jet for President Donald Trump to use as a temporary Air Force One.
Boeing could be "the big winner" of U.S. trade negotiations with China if the current 90-day tariff reduction leads to a broader deal between Washington and Beijing, airline industry analyst Visual Approach Analytics said Thursday.