Boeing and GE Aerospace are reaping the benefits of President Donald Trump’s latest Saudi deal. Boeing and GE Aerospace received a $96 billion order from Qatar Airways as President Trump looks to boost investments in defense and aircraft in the Middle East after reaching artificial intelligence and tech agreements on Tuesday.
Saudi Arabia has pledged an approximately $600 billion investment in U.S. defense and tech. The initiative includes public and private sector investments, targeting key areas such as technology, infrastructure, energy, and manufacturing. Major U.S. firms like Nvidia, Amazon Web Services, and ExxonMobil are expected to benefit through strategic partnerships and joint ventures. The investment aims to deepen economic ties with the U.S. while reducing Saudi Arabia’s reliance on oil revenues.
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The deal underscores a broader shift in the U.S.-Saudi relationship, with a growing focus on innovation and industry. However, some analysts question the feasibility of reaching the $600 billion target, citing volatile oil prices and significant financial needs at home. Despite this, the move signals Saudi Arabia’s intent to play a larger role in global economic development and to attract advanced technologies to the kingdom.
The order, announced Wednesday by the White House, includes up to 210 American-made Boeing 787 Dreamliners and 777X aircraft and more than 400 GEnx and GE9X engines from GE Aerospace. The sales figure doesn’t appear to include discounts of as much as 50% to 60%, which are typical for jet deals. The “historic agreement” will also provide 154,000 U.S. jobs annually, totaling over 1 million jobs in the country during the course of production and delivery of this deal, the statement said.
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“Our team is looking forward to building 787s and 777s for Qatar Airways into the next decade,” Stephanie Pope, president and CEO of Boeing Commercial Airplanes, said.
Both the companies addressed the deal in separate releases where Boeing said that this agreement marks Boeing’s largest orders for widebody and 787 models to date, while being GE Aerospace’s biggest widebody engine order as well as reportedly being Qatar Airways’ largest aircraft order in its history.