U.S. President Donald Trump announced China agreed to an initial order of 200 Boeing jets during a Beijing summit. This marks the first major deal for the planemaker in that market in nearly a decade. The agreement includes engines supplied by GE Aerospace.
Boeing shares fell nearly 4% as the order size disappointed investors. Wall Street expected a deal involving as many as 500 aircraft. The confirmed figure fell short of these industry projections.
President Trump suggested the total order could eventually reach 750 planes. The current deal lacks specific details regarding aircraft models or delivery timelines. Markets prioritized the confirmed numbers over potential future expansions.