Boeing Secures Landmark Deals Amid Trump's Middle East Visit

Washington, May 14 (AP) — During President Donald Trump's visit to the Middle East, Boeing announced significant orders from the region. The American aerospace giant confirmed a landmark $96 billion deal with Qatar, a day after revealing an order from a Saudi Arabian firm for 20 737-8 jets with options for 10 more. This Qatar agreement, encompassing Boeing’s 787 and 777X models, marks the largest order for 787 and wide-body jets in the company's history. "That's pretty good," Trump remarked upon unveiling the order. "Get those planes out there." This week has been particularly favorable for Boeing. In addition to the Middle Eastern orders, China lifted its ban on the delivery of Boeing planes, a decision linked to Monday’s trade agreement with the United States. Despite these positive developments, President Trump stirred controversy by indicating he would accept a luxury Boeing 747-8 from Qatar’s ruling family. This offer prompted criticism from Democrats, ethicists, and even some Republicans. Security experts argue the plane could be expensive to modify, less secure, and potentially violate the U.S. Constitution's restriction on foreign gifts. Trump did not provide a compelling national security reason for accepting the aircraft rather than waiting for the completion of new Air Force One jets by Boeing. Boeing has faced significant challenges since 2019, losing more than $35 billion following two fatal crashes involving their Max jets, which resulted in 346 fatalities. Earlier this year, a panel detached from a 737 Max shortly after its departure from Portland, Oregon, while a machinists’ strike last year crippled production and delivery at Boeing facilities. Despite ongoing legal and regulatory issues stemming from past accidents, Boeing's stock reached its highest value in over a year on Wednesday, marking its fifth consecutive day of gains. The company is headquartered in Arlington, Virginia. (AP)