GE Aerospace Secures $8 Billion Deal with Qatar Airways, Boosts Backlog to 72nd Rank in Market

On May 14, 2025, GE's trading volume reached $1.049 billion, a 34.24% decrease from the previous day, ranking 72nd in the day's stock market. GE Aerospace (GE) rose 0.75%, marking its sixth consecutive day of gains, with a total increase of 7.02% over the past six days.

GE Aerospace has secured a landmark deal with Qatar Airways, valued at over $8 billion, for more than 400 engines. This agreement includes 60 GE9X and 260 GEnx engines, along with options and spares, to power Qatar Airways' Boeing 777-9 and Boeing 787 aircraft fleet. This deal builds on previous orders of 188 GE9X and 124 GEnx engines.

The agreement also includes maintenance, repair, and overhaul service agreements. The GE9X engine, exclusive to Boeing 777X aircraft, offers 10% better fuel efficiency than its predecessor. The GEnx engine family has accumulated over 62 million flight hours and powers two-thirds of all 787 aircraft. Both engines are certified to run on Sustainable Aviation Fuel (SAF) blends.

This deal significantly boosts GE Aerospace's backlog and service revenue for years to come. The agreement includes service contracts that typically generate 3-4% of an engine's value annually throughout its 20+ year operational lifecycle, potentially adding another $7-9 billion in long-term service revenue.

This agreement demonstrates Qatar Airways' confidence in GE's technology and reliability. For GE Aerospace, this deal substantially bolsters their backlog position in their critical commercial engines segment, providing revenue visibility for years ahead. The GE9X's 10% better fuel efficiency aligns with Qatar Airways' strategic fleet modernization efforts as it positions for post-pandemic growth in long-haul travel.

Beyond immediate financial implications, GE's on-wing support center in Qatar represents a strategic regional foothold, enhancing service delivery while developing local aerospace talent. This arrangement strengthens GE's position in the critical Middle East aviation market.