Via Fox Business

President Trump doubled as chief dealmaker on Tuesday. While hosting Qatari Emir Sheikh Tamim bin Hamad Al-Thani at the White House, he disclosed an incoming order for Boeing.

“We’re going to be signing a document today, very large transaction,” said Trump. “It’s a transaction that will be purchasing a lot of Boeing jets, that means a lot of jobs,” he added without elaborating.

It’s unclear whether the order is the nearly $2 billion deal announced last month at the Paris Airshow for Qatar Airways to purchase five 777F Boeing freighters.

Ticker Security Last Change %Chg
BA BOEING COMPANY 352.37 +1.25 +0.35%

FOX Business’ inquiries to Boeing were not returned at the time of publication.

Boeing shares got a boost on the news which helped overshadow a dismal order update released earlier in the day.

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The aerospace giant disclosed it received no new orders in the first half of the year for its best-selling 737 Max jet as the fleet remains idled after two fatal crashes, sending overall deliveries plummeting.

On Monday, Boeing lost a key order to rival Airbus. Saudi Arabia’s flyadeal said it was terminating a prior order for Boeing’s 737 Max jet and switching to Airbus.

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Shares of Boeing have gained more than 8 percent this year.

FOX Business’ Joe Williams contributed to this report


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