President Donald Trump has announced a $1.2 trillion economic exchange agreement with Qatar, marking a significant development in U.S.-Qatar relations. The agreement encompasses a series of deals across various sectors, including aviation, defense, energy, and infrastructure.
A central component of the agreement is a $96 billion deal between Boeing and Qatar Airways for the purchase of up to 210 Boeing 787 Dreamliner and 777X aircraft, powered by GE Aerospace engines. This represents the largest-ever order for Boeing’s widebody aircraft and is expected to support approximately 154,000 U.S. jobs annually during the production and delivery phases.
In the defense sector, the agreement includes a $1 billion contract with Raytheon for counter-drone systems and a $2 billion deal with General Atomics for MQ-9B Reaper drones. Additionally, there is a statement of intent for over $38 billion in potential investments aimed at enhancing infrastructure and capabilities at Qatar’s Al Udeid Air Base, as well as broader air defense and maritime security initiatives.
The agreement also features significant investments in energy and infrastructure.
McDermott has active energy infrastructure deals worth $8.5 billion in Qatar, while Parsons has secured 30 projects valued at up to $97 billion for its engineering services. Furthermore, Quantinuum has entered into a joint venture with Al Rabban Capital to invest up to $1 billion in quantum technologies and workforce development in the U.S.
While the White House touts the $1.2 trillion figure as a landmark achievement, some analysts have raised questions about the composition of this total.
Reports suggest that the figure includes a combination of finalized deals, memorandums of understanding, and projected investments, leading to discussions about the actual economic impact of the agreement.
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