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Boeing accelerates its momentum with win from Trump, Qatar

12 0
16.05.2025

President Trump is helping turn around Boeing’s fortunes after a string of safety lapses and scandals.

The president’s trip to the Middle East came with a new deal for Boeing, first reported by NewsNation and The Hill, when Qatari Airways bought 160 wide-body jets in an agreement that will help revive the company’s finances and create jobs in the U.S.

Boeing CEO Kelly Ortberg joined Trump on some of his stops along the Middle East swing, and the two appeared to have a friendly relationship, following warnings from Ortberg that Trump’s tariff agenda would impact his company.

Ortberg, sitting at a table next to Trump, and Qatar Airways CEO Badr Mohammed Al Meer, sitting next to the Emir, signed the deal to buy the jets, which is expected to support tens of thousands of jobs at the company’s major facilities located in Seattle, Wash., and Charleston, S.C.

Shares of Boeing soared in the days after the deal was signed, the latest in several major international purchases amid a thaw in Trump’s trade war.

Nicolas Owens, an equity analyst at Morningstar focused on the aerospace and defense sectors, said the new orders are a “vote of confidence” in Boeing after years of negative headlines........

© The Hill