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Etihad Airways will purchase 28 wide-body jets from Boeing (NYSE:BA) powered by GE Aerospace (NYSE:GE) engines, under a $14.5 billion agreement unveiled Thursday during U.S. President Donald Trump's visit to the United Arab Emirates.
The order includes Boeing 787 and next-generation 777X aircraft. The White House said the deal will strengthen U.S. manufacturing and exports, expanding the commercial aviation relationship between the two countries.
The aircraft purchase is part of a broader $200 billion slate of U.S.-UAE deals revealed during the trip. In Oklahoma, Emirates Global Aluminum said it would invest $4 billion to build a new aluminum smelter, one of the first in the U.S. in over four decades, to boost domestic output and secure critical mineral supply chains.
Separately, ExxonMobil (NYSE:XOM), Occidental (NYSE:OXY), and EOG Resources (NYSE:EOG) are teaming up with the Abu Dhabi National Oil Company to develop oil and gas assets valued at $60 billion. RTX (NYSE:RTX) will also partner with Emirates Global Aluminum and Tawazun Council on a gallium project aimed at reinforcing U.S. critical mineral access.
This article first appeared on GuruFocus.