U.S. President Donald Trump, Qatar’s Emir Tamim bin Hamad Al Thani and Boeing CEO Kelly Ortberg attend a signing ceremony in Doha, Qatar, Could 14, 2025.
Brian Snyder | Reuters
Boeing and GE Aerospace secured a $96 billion settlement to promote Qatar Airways as much as 210 plane, the White Home mentioned Wednesday.
The deal for the 787 Dreamliner and 777X plane, struck throughout President Donald Trump‘s state go to with the emir of Qatar, is Boeing’s “largest-ever widebody order and largest-ever 787 order,” in accordance with the White Home.
Additional particulars concerning the settlement had been unclear. Boeing didn’t instantly reply to CNBC’s requests for remark.
Boeing CEO Kelly Ortberg appeared alongside Trump on the Amiri Diwan in Doha earlier Wednesday for a signing ceremony on the plane deal.
“It is the biggest order of jets within the historical past of Boeing,” Trump mentioned after Ortberg signed the settlement.
The White Home mentioned in a reality sheet that the deal will assist 154,000 U.S. jobs yearly and over 1 million complete home jobs over the course of manufacturing and supply.
The deal may very well be a boon for Boeing, which has not posted a revenue since 2018.
The planemaker has been beset by main security considerations, manufacturing defects, price overruns and an almost two-month-long machinist strike final yr.
Its enterprise dealings have additionally been disrupted by Trump’s commerce conflict: China stopped accepting deliveries of Boeing planes to its airways in response to U.S. tariffs, Ortberg mentioned final month.
However the firm has not too long ago narrowed its losses because it addresses a backlog value extra $500 billion, Ortberg mentioned in Boeing’s first-quarter earnings name.
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— CNBC’s Michele Luhn contributed to this report.
