Boeing, trying to emerge from one of company's most difficult eras, is having a pretty good week

MATT OTT

Wed, May 14, 2025, 11:31 AM 2 min read

WASHINGTON (AP) — Boeing has secured a brace of large orders successful the Middle East during a visit to the region by President Donald Trump.

The American aerospace shaper confirmed a $96 cardinal bid from Qatar, 1 time aft announcing an bid from a institution successful Saudi Arabia for 20 737-8 jets and options for 10 further aircraft.

The Qatar deal, which includes Boeing’s 787 and 777X jets, is the biggest bid for 787s and wide assemblage jets successful Boeing's history, the institution confirmed.

“That's beauteous good,” Trump said successful announcing the order. “Get those planes retired there.”

It has been a peculiarly bully week for Boeing. According to respective media reports, China lifted a prohibition connected its airlines taking deliveries of Boeing planes earlier this week arsenic portion of Monday’s trade truce with the U.S.

Boeing had already been successful the quality for its planes successful the Middle East, but for antithetic reasons.

Donald Trump said helium would judge a luxury Boeing 747-8 jumbo pitchy arsenic a gift from the ruling household of Qatar, mounting disconnected aggravated disapproval from Democrats, ethicists, and adjacent immoderate unease among Republicans.

There are concerns from information and morals experts that the level could beryllium little secure, costly to retrofit and a usurpation of the U.S. Constitution’s prohibition connected overseas gifts. Trump offered nary nationalist information imperative for a swift upgrade alternatively than waiting for Boeing to decorativeness caller Air Force One jets that person been successful the works for years.

Boeing has mislaid much than $35 cardinal since 2019 pursuing the crashes of 2 then-new Max jets that killed 346 people.

Early this year, a sheet blew disconnected a 737 Max soon aft takeoff from Portland, Oregon and past year, a onslaught by national machinists halted accumulation astatine Boeing plants and hampered the company's transportation capability.

Shares of Boeing, which has been mired successful ineligible and regulatory problems since the crashes six years ago, bounced to their highest level successful much than a twelvemonth Wednesday. It was the 5th consecutive time of gains for the Arlington, Virginia, company.