Boeing stock gains after record jet order from Qatar

Investing.com -- U.S. President Donald Trump’s trip to the Middle East continues to reap rewards for U.S. companies. Today, the President announced that Qatar has signed a record-setting agreement with Boeing Co (NYSE:BA) to purchase aircraft. 

Qatar will purchase 160 aircraft from Boeing, the White House said. Kelly Ortberg, President and CEO of Boeing, was with the President in Qatar signing the order.

Trump said the deal is worth over $200 billion, the largest order in the company’s history.

“Kelly’s telling me, from Boeing, it’s the largest order of jets in the history of Boeing,” Trump stated. “That’s pretty good. And that’s 140, was that a 140 or 160? Well, yeah, but it’s actually 200, including the 40, so it’s over $200 billion.”

“But 160 in terms of the jets, that’s fantastic,” Trump said. “So that’s a record, Kelly. And congratulations to Boeing. Get those planes out there. Get them out there.”

Boeing’s shares gained 1.5% intraday on Wednesday following the announcement.