Al Root

Boeing stock got another boost Wednesday, thanks to more orders -- this time, from Qatar.

Shares of the commercial jet maker were up 1.9% in midday trading at $207.21, while the S&P 500 was up 0.1% and the Dow Jones Industrial Average was down 0.1%.

On Wednesday, The White House said Qatar Airways placed the "largest ever" order for 787 jets. The 787 is a widebody plane with twin aisles that can cost hundreds of millions of dollars.

In a statement Wednesday, the White House said Boeing and GE Aerospace secured a $96 billion agreement with Qatar Airways "to acquire up to 210 American-made Boeing 787 Dreamliner and 777X aircraft powered by GE Aerospace engines."

Boeing referred Barron's to the White House statement.

Qatar and Boeing made news earlier this week when the country offered the Trump Administration a 747 to be used as Air Force One. Boeing is late delivering the updated planes to be used by the president.

New orders are always welcome. Boeing currently has undelivered orders totaling almost 5,700 jets. That stretches out more than 10 years at current build rates. Boeing, of course, would like to make and deliver more jets.

Boeing delivered 45 jets in April, up from 41 in March, bringing the year-to-date total to 175 planes. Boeing delivered 24 jets in April 2024 and 107 in the first four months of that year.

Wall Street expects deliveries of about 560 jets in 2025, according to FactSet, up from 348 in 2024. Boeing is expected to deliver about 800 jets in 2028, generating a free cash flow of about $10 billion that year.

Coming into Wednesday trading, Boeing stock was up 15% year to date and 11% for May.

Write to Al Root at allen.root@dowjones.com

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May 14, 2025 12:58 ET (16:58 GMT)

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