06:35 AM EDT, 05/15/2025 (MT Newswires) -- Boeing ( BA ) and GE Aerospace (GE) secured a $96 billion order from Qatar Airways for their widebody jets and engines, as part of US President Donald Trump's economic deals with Qatar of more than $243.5 billion.
The Qatari airline agreed to purchase up to 210 Boeing ( BA ) jets, including 130 of the 787 Dreamliner and 30 of its twin-engine 777-9 model, the aircraft manufacturer said late Wednesday. The deal, which represents the largest widebody order in Boeing's ( BA ) history, also includes options for an additional 50 planes of the company's 787 and 777X models.
"We are deeply honored that Qatar Airways has placed this record-breaking order with Boeing ( BA )," Stephanie Pope, chief executive of Boeing's ( BA ) commercial airplanes division, said in a statement. "Our team is looking forward to building 787s and 777s for Qatar Airways into the next decade."
In a separate statement, GE Aerospace said Qatar Airways signed an agreement for more than 400 of its engines, including 60 GE9X and 260 GEnx engines, with additional options and spares, to power Boeing ( BA ) planes. The deal follows a previous order from the Gulf country for 188 GE9X engines, bringing the total to 248.
The deal also includes service agreements to cover the maintenance, repair and overhaul of the GEnx and GE9X engines, according to GE Aerospace. "We are extremely honored to deepen our relationship with Qatar Airways and grateful to them for placing their trust in us with our largest ever widebody engine deal," CEO H. Lawrence Culp, Jr. said.
Boeing's ( BA ) stock gained 2% in Thursday's most recent premarket activity, while GE Aerospace was slightly in the green.
The orders are part of Trump's efforts to generate an economic exchange worth at least $1.2 trillion with Qatar, the White House said in a separate statement. Washington expects the Boeing ( BA ) and GE Aerospace agreements to support 154,000 jobs in the US annually. Boeing ( BA ) said the deal will support roughly 400,000 US jobs.
"The landmark deals celebrated today will drive innovation and prosperity for generations, bolster American manufacturing and technological leadership, and put America on the path to a new golden age," The White House said.
On Tuesday, the White House said Saudi Arabia will invest $600 billion in the US, initially focusing on areas including energy, defense, technology and critical minerals. Nvidia (NVDA), Amazon (AMZN) and Alphabet's (GOOG, GOOGL) Google were among the major US companies that announced separate partnerships with Humain, an artificial intelligence company backed by Saudi Arabia's Public Investment Fund.