Boeing (BA) shares gained 1.2% in pre-market trading. U.S. Treasury Secretary Scott Bessent stated he expects an announcement of a large aircraft order from China.
The anticipated deal coincides with President Donald Trump's diplomatic visit to Beijing. This development suggests a potential breakthrough in U.S.-China trade relations.
A substantial order would mark Boeing's first major sale to China in nearly a decade. The agreement would provide a significant boost to the company's order backlog and future revenue.
Investors view the news as a bellwether for bilateral economic ties. The announcement could positively affect sentiment across the aerospace and defense sector.