Boeing, GE Aerospace Get Qatar Airways Order After Saudi AI Tech Deals -- Update

Dow Jones
15 May
 

By Kelly Cloonan

 

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.

The order includes up to 210 American-made Boeing 787 Dreamliner and 777X aircraft using GE Aerospace engines.

The agreement marks Boeing's largest orders for both widebody and 787 models, the White House said. The order will support 154,000 U.S. jobs annually, totaling over 1 million jobs in the U.S. during the course of production and delivery, the White House said.

The order is part of a broader effort by President Trump to boost American manufacturing with investments from allies like Qatar, according to the White House. Trump also announced several other deals with the country, including with Raytheon and General Atomics, amounting to more than $243.5 billion in total, the White House said.

Wednesday's deals come as President Trump continues his four-day tour of the Middle East in an effort to boost trade with the region. On Tuesday, the White House said Saudi Arabia committed to invest $600 billion in U.S. chip companies like Nvidia and AMD, other large technology companies like Alphabet, Oracle and Uber, and energy company GE Vernova.

Representatives from Boeing and Qatar Airways didn't immediately respond to a request for comment. GE Aerospace Chief Executive H. Lawrence Culp said the deal marks the company's largest widebody engine deal. It includes more than 400 GEnx and GE9X engines, a GE Aerospace spokesperson said.

These are some of the deals inked during Trump's Middle East visit so far, according to the White House:

- Google, DataVolt, Oracle, Salesforce, AMD and Uber are committing $80 billion in technology investment in both countries.

- Hill International, Jacobs, Parsons, and AECOM are building infrastructure projects in Saudi Arabia, totaling $2 billion in U.S. services exports.

- GE Verona will ship up to $14.2 billion in gas turbines and other energy equipment to Saudi Arabia.

- Shamekh IV Solutions will invest $5.8 billion in the U.S., including a plant in Michigan.

- Saudi Arabia's DataVolt will invest $20 billion in Super Micro Computer's AI data centers and energy infrastructure in the U.S.

- Nvidia will sell about 18,000 chips and AMD will sell about $10 billion in processors to Saudi Arabia's Humain. Cisco Systems also said it will enter a multi-year partnership with the country's AI initiative.

- Qatar will pay RTX's subsidiary Raytheon $1 billion to expand the country's counter-drone capabilities.

- General Atomics secured a nearly $2 billion agreement for Qatar's acquisition of its MQ-9B remotely piloted aircraft system.

 

Write to Kelly Cloonan at kelly.cloonan@wsj.com

 

(END) Dow Jones Newswires

May 14, 2025 14:14 ET (18:14 GMT)

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