Boeing Co. (NYSE:BA) saw its stock edge higher on Wednesday after securing what is being described as the largest aircraft order in the company’s history. The agreement was announced during U.S. President Donald Trump’s diplomatic visit to the Middle East.
According to the White House, Qatar has committed to purchasing 160 aircraft from Boeing, with the deal’s total value exceeding $200 billion when factoring in additional options. The announcement was made during a formal signing event in Qatar, attended by Boeing President and CEO Kelly Ortberg alongside President Trump.
Trump said the deal is worth over $200 billion, the largest order in the company’s history.
“Kelly’s telling me, from Boeing, it’s the largest order of jets in the history of Boeing,” Trump stated. “That’s pretty good. And that’s 140, was that a 140 or 160? Well, yeah, but it’s actually 200, including the 40, so it’s over $200 billion.” “But 160 in terms of the jets, that’s fantastic,” Trump said. “So that’s a record, Kelly. And congratulations to Boeing. Get those planes out there. Get them out there.”
Initial reports suggest that while 160 jets are confirmed in the agreement, additional aircraft may be included, bringing the total potential value even higher.
Following the announcement, Boeing’s stock rose 1.5% during intraday trading on Wednesday as investors responded positively to the news.
This major order highlights growing demand for Boeing’s aircraft and represents a significant win for the U.S. aerospace industry amid ongoing efforts to strengthen trade ties in the region.