President Donald Trump announced a sweeping $1.2 trillion economic agreement with Qatar on Wednesday, capping what he called a “historic” trip with a series of massive deals spanning aviation, defense, energy and technology. That comes on top of $600 billion investment commitment secured in Saudi Arabia a day earlier.
Central to the announcements was a record-breaking $96 billion order from Qatar Airways for Boeing Co. (NYSE:BA) and GE Aerospace (NYSE:GE).
“We just had a tremendous order of Boeing. This is Boeing, and this is General Electric,” Trump said during a roundtable with U.S. business leaders in Qatar.
“General Electric, I hear, makes the best large airplane engine in the world—by not even a contest.”
The deal includes up to 210 Boeing 787 Dreamliner and 777X aircraft, all powered by GE Aerospace engines. According to a White House fact sheet, the agreement will support 154,000 U.S. jobs annually, totaling over 1 million jobs during production and delivery.
Larry …