Boeing confirmed a commitment from China to purchase 200 aircraft following a meeting between U.S. and Chinese leaders. This agreement marks a significant step toward reopening the Chinese market after years of trade tensions. U.S. officials indicated that additional orders may follow this initial deal.
Boeing shares fell approximately 4% despite the announcement. Investors and analysts expected a larger order, with previous reports suggesting a deal for up to 500 jets. The final count of 200 aircraft failed to meet market expectations, driving the stock price lower.