WASHINGTON (AP) — Boeing made significant strides in the Middle East during President Donald Trump’s visit to the region.
The aerospace giant announced a substantial $96 billion deal with Qatar, which came shortly after revealing 10 additional aircraft options linked to Saudi Arabian firms for the 20 737-8 jets.
This agreement—covering Boeing’s 787 and 777X models—marks the largest order for both the 787 and widebody jets in the company’s history.
Trump commented on the announcement, saying, “That’s pretty good. Take those planes out there.”
It was a notably positive week for Boeing, although China had earlier banned airlines from receiving Boeing planes as part of a trade agreement with the U.S., according to various news sources.
Boeing had already been in the spotlight regarding Middle Eastern aircraft, but for several reasons.
Trump indicated he would accept a Boeing 747-8 jumbo jet as a gift from Qatar’s ruler, which drew criticism from Democrats, ethicists, and even some Republicans.
Security and ethics experts raised concerns about the safety of the planes, the costs of refurbishing them, and potential violations of constitutional prohibitions against foreign gifts. Instead of asking for immediate national security interventions, Trump opted to wait for Boeing to complete a new jet he has been developing for years.
Since 2019, Boeing has incurred losses exceeding $35 billion following two fatal crashes involving the Max Jets, which claimed 346 lives.
This year, the panel overseeing the 737 faced setbacks shortly after takeoff from Portland, Oregon, and last year, a strike by the mechanics’ union disrupted production at Boeing’s facilities, affecting the company’s delivery capabilities.
Despite these challenges, Boeing’s stock has recently rebounded, reaching its highest point in over a year on Wednesday, marking the fifth consecutive day of profit for the Arlington, Virginia-based company.
