Quick Hit:

President Trump on Wednesday finalized a historic $1.2 trillion economic commitment with Qatar, which the White House called a “landmark” agreement to support American jobs, revive domestic manufacturing, and deepen the U.S.-Qatar alliance.

Key Details:

• A $96 billion aircraft order from Qatar Airways marks Boeing’s largest-ever widebody and 787 Dreamliner sale, supporting over 1 million U.S. jobs across the life of the agreement.

• The deal also includes a $2 billion acquisition of MQ-9B remotely piloted aircraft and a $1 billion purchase of counter-drone systems—establishing Qatar as the first foreign buyer of Raytheon’s FS-LIDS platform.

• U.S. firms Parsons, McDermott, and Quantinuum secured multibillion-dollar infrastructure, energy, and tech investments supporting thousands of American jobs in sectors like AI, LNG, and quantum computing.

Diving Deeper:

On Wednesday, President Donald J. Trump secured a sweeping $1.2 trillion economic exchange agreement with Qatar, described by the White House as a generational win for U.S. workers and a keystone in the president’s push to “Make American Manufacturing and Innovation Great Again.”

The agreement includes $243.5 billion in specific commercial deals, led by a massive $96 billion Boeing and GE Aerospace order for up to 210 aircraft. “This is Boeing’s largest-ever widebody order and largest-ever 787 order,” the White House noted, adding that it will support “154,000 U.S. jobs annually, totaling over 1 million jobs” through production and delivery.

Major defense deals were also signed, including nearly $2 billion for General Atomics’ MQ-9B aircraft and $1 billion for Raytheon’s cutting-edge counter-drone system. “This deal establishes Qatar as the first international customer for Raytheon’s FS-LIDS system,” the White House confirmed, describing it as a boost for America’s high-tech defense industry.

President Trump hailed the signings as evidence of his “America First Trade and Investment Policy,” with the White House calling them “historic and transformative.” Trump also announced that a joint statement of intent was signed to explore over $38 billion in future security investments, including support at Al Udeid Air Base and maritime defense initiatives.

The energy sector saw significant developments as well. McDermott, a key U.S. contractor for QatarEnergy, has seven active projects totaling $8.5 billion. These projects provide essential offshore components for Qatar’s LNG expansion, supporting thousands of jobs in the American energy sector. Meanwhile, Parsons has been awarded 30 projects worth up to $97 billion, bolstering U.S. leadership in global infrastructure development.

On the technology front, Colorado-based Quantinuum finalized a $1 billion joint venture with Al Rabban Capital to develop quantum technologies and workforce training in the U.S., reinforcing American dominance in emerging fields.

“Since President Trump took office, his commitment to American manufacturing and innovation has attracted trillions of dollars in investments and global commercial deals,” the White House said. “Allies like Qatar are partnering in the United States’ success.”

The announcement also builds on recent deals President Trump secured in the region, including a $600 billion investment package with Saudi Arabia and a separate agreement with the United Kingdom. A joint arrangement with China to reduce reciprocal tariffs was also mentioned by the administration as part of a broader Trump-led economic shift.

The U.S. maintained a $2 billion trade surplus with Qatar in 2024, with total bilateral trade reaching $5.64 billion. Qatar has committed to ramping up its U.S. investments, particularly in areas like advanced manufacturing, energy infrastructure, hospitality, and AI. Since 2019, QatarEnergy has poured $18 billion into Texas-based projects alone, including the Golden Pass LNG terminal and the Golden Triangle Polymers Plant.

“President Trump is securing billions in investments to revitalize American manufacturing, delivering on his promise to bring back ‘Made in America’ and usher in a new Golden Age of prosperity,” the White House said. “As the dealmaker in chief, President Trump’s latest achievement in Qatar is another win for America.”