Boeing secures 'largest-ever' order from Qatar
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The efforts have begun to yield positive results. In April, Boeing delivered 45 commercial jets, nearly doubling the number from a year earlier. April marked the fourth consecutive month with more than 40 deliveries of commercial planes, indicating progress in stabilizing operations and fulfilling orders.
A year after Boeing Co. slogged through a deep executive shakeup and prolonged existential crisis, the US planemaker just landed its biggest-ever aircraft order, propelled by a powerful endorsement from President Donald Trump.
18hon MSN
Boeing has secured a pair of major orders in the Middle East during a visit to the region by President Donald Trump.
Aboard Air Force One, Trump lamented to Fox News host Sean Hannity of the U.S. government plane's comparative old age of 40 years and lackluster appearance next to Qatar's, Saudi Arabia's and the United Arab Emirates' "brand new Boeing 747s."
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Boeing's business has been beset by issues and disrupted by Trump's trade war with China, which stopped accepting plane deliveries in response to U.S. tariffs.
The order will support 154,000 U.S. jobs annually, the White House said.
The agreement comes as Qatar offered to donate a $400 million 747-8 jumbo jet for President Donald Trump to use as a temporary Air Force One.
Boeing said on Tuesday it delivered 45 commercial jets in April, nearly twice the 24 airplanes it delivered during the same month a year ago.
The White House announced that President Donald Trump secured economic exchanges with Qatar worth $1.2 trillion, a figure which includes a historic order for Boeing airliners.