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Economic Insight > Blog > Business News > GE, Boeing thank Trump for big Middle East deals
GE, Boeing thank Trump for big Middle East deals
Business News

GE, Boeing thank Trump for big Middle East deals

EC Team
Last updated: May 18, 2025 1:26 pm
EC Team
Published May 18, 2025
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Boeing CEO Kelly Ortberg and GE Aerospace CEO Larry Culp thanked President Donald Trump for brokering the historic $96 billion order from Qatar Airways.

President Donald Trump has won high marks for diplomacy during his visit to the Middle East, but what investors have supported is his wheels and deals for Boeing and GE Aerospace.

GE was tacked at 5.6% this week, 5.6% after Qatar Airways unveiled the largest 210 widebody jets in the American plane maker, according to the White House.

In an expansion agreement with Qatar, GE will provide 400 engines to power Boeing’s 777-9 and 787 aircraft.

Qatar Airplane Gift for Air Force One and Trump

Ticker safety last change change %
ba Boeing Co. 205.82 -0.36

-0.17%

ge GE Aerospace 231.78 +2.40

+1.05%

For Boeing investors, the deal is more than stabilizing plane makers, which are undermined by controversy over quality, safety and production lapse.

Autoberg, President Donald Trump, Qatar's Emil Sheikh Tamim bin Hamad Al Thani

Boeing CEO Kelly Autoberg will be sitting at President Donald Trump and Qatar’s Emil Tamim bin Hamad al Thani at the business contract signing ceremony at Doha Palace on May 14, 2025. (Brendan Smialowski/AFP via Getty Images)

“Let The Good Times Roll,” Jeffries analyst Sheila Kahijagul wrote in his May 14th research notes. I’m looking for an alpha. “Boeing will be sold out for almost several years, and in some cases until the end of the decade,” she added.

Trump’s overweight friend helped shape policies to cut drug prices

Boeing CEO Kelly Ortberg highlighted the deal, which took over in August and accompanied Trump on a trip, creating jobs for 400,000 people.

“All of these aircraft will be built in the US and create a significant number of jobs,” Autoberg said.

Also on the road, GE Aerospace CEO Larry Culp discussed the details of the order as Boeing’s exclusive engine provider.

“Our GE NX is the 787’s the best-selling high-thrust engine in history, and the new 9X powers the 777X, which will become the world’s largest commercial engine,” he said.

Autoberg and Culp's playing cards

President Donald Trump, the Center President, was on a breakfast with business leaders on May 15, 2025, when Boeing CEO Kelly Autoberg lined up left and left, adjacent to the CEO of GE Aerospace Rally Culp. (Brendan Smialowski/AFP via Getty Images)

The majority of analysts are bullish on both stocks, as Tomnone tracks. Of the 29 people who cover Boeing, 20 people compare to buying shares or strong buys and value them as holds and one person’s selling. GE Aerospace has a similar profile. Of the 21 analysts, 19 rated buys or strong buys on a single sell rating.

Both stocks outperform the S&P 500, but have grown 1% this year, recovering from tariff-driven volatility.

Boeing’s shares have been acquired nearly 20% this year.

GE Aerospace parent General Electric has earned a 37% stake.

After the hugely successful Qatar deal, the companies have secured $14.5 billion from Abu Dhabi’s Etihad Airlines of 787 and 777X, the White House announced.

How Boeing signed one Air Force

During Boeing’s shilling, Trump gave the company a jab about Air Force 1 delay. This encouraged the president to accept the $400 million gift of 747 jets from Qatar.

“They are very late on the plane,” Trump told Fox News’ Sean Hannity.

During his week of travel, Trump secured more than $2 trillion in deals from Middle Eastern allies.

Click here to get your Fox business on the go

The White House said it included “$600 billion investment commitments from Saudi Arabia, a $1.2 trillion economic exchange agreement with Qatar, $243.5 billion US commercial and defense contracts, and $200 billion US Arab Emirates commercial transactions.”

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TAGGED:BigBoeingDealsEastMiddleTrump
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