In This Article:
President Trump announced the largest ever order of Boeing planes (BA) from Qatar Airways on Wednesday, the latest US deal made on the administration's trip to the Middle East this week.
Catalysts host Julie Hyman and guest host, Great Hill Capital chairman and managing member Thomas Hayes, examine Boeing's performance under new CEO Kelly Ortberg.
China reversed its ban on Boeing plane deliveries to Chinese deliveries earlier this week, while the White House and UK leadership hinted at a $10 billion Boeing order made by a British airline last week.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
Um, let's get to some breaking news that was crossing the wire. A wave of deals being announced amid President Trump's visit to the Middle East. This time, it's Boeing. President Trump saying Boeing has won its largest ever order in the company's history. Qatar Airways said to have purchased 160 aircraft from the US company. Um, and um, again, Trump saying that this is the total the largest Boeing uh order in its history. Of course, there's other some other plane headlines that the president made with a Qatari plane, but we'll leave that aside for the moment. uh as that country gives him a plane. Um, but um Tom, Boeing is a company you own? Yeah. That's. This is a big one. Okay, we owned it around 150, it dropped down to $129 with all the tariff barriers and all everything else. We bought it like the lights were going out. I mean, we actually because here's the thing, we bet on jockeys. So they call me Turnaround Tom. I like to buy great businesses when they're temporarily marked down. Kelly Ortberg ran Rockwell Collins, okay? Defense contractor, seven years, four bagger for owners. He's actually an engineer on the floor. So it's nice to have Boeing run by a guy who actually goes on the floor and knows how planes are put together versus a salesman when the doors fall off mid-flight. That doesn't work, okay? So, Kelly is going to turn the business around. He's already done that. The stock was 129 four weeks ago, it's 200 today. They just got a huge order. This is icing on the cake. This guy can deliver, they'll sell some of the space business and at the uh at the margins, but they operate in a duopoly. It's like it was hysterical when the Chinese said we're not going to take your planes during the tariffs. China needs Boeing's planes like a diabetic needs insulin, okay? I mean, they can they can go to Airbus and Airbus will say, we're so happy to have you as a new client. Uh you know weight is twenty one years. Uh how many would you like? And and so now, as soon as this was done, China went back to Boeing and said, can we get back in line? And Boeing said, yeah, we'll open the door, we like you as a customer. So China's back in the game, Saudi Arabia's back in the game, and they're going to build the planes better than they've ever built them because Kelly Ortberg actually understands the business. you like?
you like?
This is a big one.
Right, right, right, right, right. Yeah, yeah.
Okay. Well, I hope I hope that's so for all of our sakes who fly on Boeings.
