Boeing has secured a historic deal with Qatar Airways, as part of US President Donald Trump’s regional trade drive. Shares in the largest US aerospace manufacturer rose 2% to a 52-week high on Wednesday following the announcement.
During Trump’s visit to Qatar, the White House revealed that the US president had reached agreements totalling $243.5 billion (€209 bn) with the Gulf state. “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,” stated the White House.
The deals include a $96bn (€85.8 bn) Boeing aircraft order from Qatar Airways, a record order for the US’s largest exporter.
Following a $600bn (€535bn) investment plan made with Saudi Arabia earlier this week, the US-Qatar agreements further strengthen Washington’s ties with the wealthy Gulf nations. President Trump is set to visit the United Arab Emirates (UAE) later today, with speculation that further Boeing deals may be signed with Emirates, Qatar Airways’ larger regional competitor.
Largest ever Boeing order
Boeing announced that Qatar Airways would purchase 130 787 Dreamliners and 30 777X aircraft, calling the order “a record as the largest widebody order for Boeing, the largest order for 787 Dreamliners, and Qatar Airways’ largest-ever order.” The company claims the deal will support nearly 400,000 jobs in the US. President Trump attended the signing ceremony.
“After two consecutive years of record-breaking commercial performance, and with this historic Boeing aircraft order, we’re not simply chasing scale — we’re building strength that will allow us to continue delivering unmatched products and customer experiences,” said Qatar Airways CEO Engr. Badr Mohammed Al-Meer.
“We thank our Boeing partners for answering the call and look forward to a future of continued smart growth together. Our team is excited to build 787s and 777s for Qatar Airways into the next decade, as they connect more people and businesses around the world with unmatched efficiency and comfort.”
The deal is a major win for Boeing CEO Kelly Ortberg, who accompanied Trump on the Middle East trip. On Tuesday, Boeing also secured a $4.8bn (€4.3 bn) agreement for 737-8 MAX jets with AviLease, a Saudi Arabia-based aircraft lessor.
Boeing’s 737 MAX passenger airliner had been grounded between 2019 and 2020, and again in 2024, due to ongoing safety and production concerns. The company has remained unprofitable since 2018, with its shares falling to a multi-year low in early April following Trump’s announcement of reciprocal tariffs.
Trump’s efforts to reduce reliance on China’s businesses
China halted orders from Boeing in late April in response to Trump’s tariffs. During an interview with CNBC last month, Ortberg indicated that aircraft initially built for Chinese buyers may be redirected to other customers later this year.
On Tuesday, Trump also finalised an $80bn (€71 bn) artificial intelligence investment plan with Saudi Arabia, which helped fuel rallies in Nvidia and other major tech stocks. Previously, US semiconductor shares had come under pressure amid the escalating US-China trade tensions.
The Trump administration rescinded the AI diffusion rule introduced by former President Joe Biden, which would have taken effect today. However, the Department of Justice said it would rewrite the export curbs on AI chip exports to China. On Wednesday, China’s Ministry of Commerce announced a 90-day suspension on export restrictions targeting 28 US companies, including rare earths and other critical materials, as part of a bilateral agreement reached after trade talks over the weekend.
