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President Donald Trump says the US made great trade deals with China during his meeting with Xi Jinping. He says China will buy over 200 planes from Boeing and possibly 750 more, but he provided no specifics. Trump also said China is buying engines from General Electric. He spoke to reporters on Air Force One Friday.
Aircraft manufacturer Boeing will make its first major sale to China in nearly a decade with an order for 200 planes, President Donald Trump told reporters on Air Force One on Friday, a deal he said had been made during his summit with China's President Xi Jinping this week and that could grow to as many as 750 planes. The White House has not released details of the deal, and the company itself has not commented.
May 15 (Reuters) - China has agreed to buy 200 Boeing jets, with a potential for the order to rise to as much as 750 planes, U.S.
China will buy 200 planes from Boeing and could purchase up to 750 jets “if they do a good job,” President Trump told reporters aboard Air Force One. He also said China will buy “billions of dollars of soybeans.
Two Wall Street analysts initiated coverage of the newly public aerospace company, Arxis, with a bullish view. On Monday, Arxis rose 8% after the favorable ratings came out.
Rocket Lab stock jumped more than 25% Friday, hitting its first intraday record high since January and underscoring how space stocks are back on Wall Street’s radar.
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