White House touts Boeing aircraft, GE Aerospace engine sales to Qatar

“Today in Qatar, President Donald J. Trump signed an agreement with Qatar to generate an economic exchange worth at least $1.2 trillion. President Trump also announced economic deals totaling more than $243.5 billion between the United States and Qatar, including an historic sale of Boeing (BA) aircraft and GE Aerospace (GE) engines to Qatar Airways,” the White House stated in fact sheet circulated in conjunction with the president’s trip. “Parsons (PSN) has successfully won 30 projects worth up to $97 billion. These high-value engagements have fueled significant company growth, supporting thousands of jobs across the United States and reinforcing American leadership in cutting-edge engineering and innovation. Quantinuum (HON) finalized a Joint Venture Agreement with Al Rabban Capital, a prominent Qatari company, to invest up to $1 billion in state-of-the-art quantum technologies and workforce development in the United States, supporting U.S. jobs and leadership in this critical emerging technology… Raytheon, an RTX (RTX) business, secured a $1 billion agreement for Qatar’s acquisition of counter-drone capabilities, signed by the U.S. and Qatari governments. This deal establishes Qatar as the first international customer for Raytheon’s Fixed Site – Low, Slow, Small Unmanned Aerial System Integrated Defeat System designed to counter unmanned aircraft. The deal directly supports high-skilled manufacturing and engineering jobs in the United States and reinforces America’s leadership in innovative defense technologies,” the White House added.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on BA:

Disclaimer & DisclosureReport an Issue