Boeing shares surged on Wednesday after the company landed a record-breaking order from Qatar Airways , boosting investor confidence in the US aerospace giant.
The deal, signed during US President Donald Trump’s visit to Doha, includes the purchase of 160 Boeing aircraft worth over $200 billion.
The company's shares increased by 2.7% during trading, achieving $208.99, and reaching a new 52-week high of $209.66, after the announcement on Wednesday.
Trump confirmed earlier that Qatar Airways had placed an unprecedented order for 160 Boeing aircraft, valued above $200 billion, whilst signing various agreements in Doha with Qatar's emir.
"It's over $200 billion but 160 in terms of the jets. That's fantastic. So that's a record," Trump said, adding that, "It's the largest order of jets in the history of Boeing. That's pretty good."
The signing ceremony included defence arrangements, comprising defence collaboration and Qatar's acquisition of American MQ-9B drones, following discussions with Qatar's Emir Sheikh Tamim bin Hamad Al-Thani.
The Doha visit marks his second Gulf destination, after Riyadh, where he unexpectedly announced Syria sanctions removal and met with the nation's leader.
The US-Qatar relationship has attracted attention after Qatar's proposal to provide Trump with a $400 million luxury aircraft, intended initially as Air Force One before transitioning to his private use.
The deal, signed during US President Donald Trump’s visit to Doha, includes the purchase of 160 Boeing aircraft worth over $200 billion.
The company's shares increased by 2.7% during trading, achieving $208.99, and reaching a new 52-week high of $209.66, after the announcement on Wednesday.
Trump confirmed earlier that Qatar Airways had placed an unprecedented order for 160 Boeing aircraft, valued above $200 billion, whilst signing various agreements in Doha with Qatar's emir.
"It's over $200 billion but 160 in terms of the jets. That's fantastic. So that's a record," Trump said, adding that, "It's the largest order of jets in the history of Boeing. That's pretty good."
The signing ceremony included defence arrangements, comprising defence collaboration and Qatar's acquisition of American MQ-9B drones, following discussions with Qatar's Emir Sheikh Tamim bin Hamad Al-Thani.
The Doha visit marks his second Gulf destination, after Riyadh, where he unexpectedly announced Syria sanctions removal and met with the nation's leader.
The US-Qatar relationship has attracted attention after Qatar's proposal to provide Trump with a $400 million luxury aircraft, intended initially as Air Force One before transitioning to his private use.
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