Boeing secures 'largest-ever' order from Qatar
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Qatar awarded a contract for up to 210 new wide-body civilian airliners to Boeing on Wednesday, a blockbuster deal for the beleaguered aerospace company that was inked in a Doha ceremony where President Donald Trump hailed it as evidence of his abilities to promote U.S. economic interests overseas.
The White House announced that President Donald Trump secured economic exchanges with Qatar worth $1.2 trillion, a figure which includes a historic order for Boeing airliners.
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.
One year after a major leadership overhaul and rough waters, Boeing landed a massive win that could benefit Spokane
The agreement comes as Qatar offered to donate a $400 million 747-8 jumbo jet for President Donald Trump to use as a temporary Air Force One.
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This deal supports the 600 workers GE Aerospace employs across Alabama, including the site in Auburn. The company generates 55 percent of its revenue from selling engines and services to international customers. In all, GE Aerospace facilities in 14 states will benefit from the deal, encompassing 20,000 jobs.
Boeing could be "the big winner" of U.S. trade negotiations with China if the current 90-day tariff reduction leads to a broader deal between Washington and Beijing, airline industry analyst Visual Approach Analytics said Thursday.
The U.S. and the UAE announced they would work together to construct the largest artificial intelligence data center outside of the U.S. in Abu Dhabi, with the Emirati firm G42 building the facility that will cover 10 square miles and have a 5-gigawatt capacity, the Department of Commerce said.