The United States and Qatar inked economic deals worth more than $243.5 billion, laying the groundwork for a bigger $1.2 trillion package of expanded investment and trade, the White House said.

State carrier Qatar Airways signed a deal on Wednesday to purchase up to 210 widebody jets from Boeing during President Donald Trump's visit to the Gulf Arab country, a coup for the U.S. planemaker.

Boeing (NYSE:BA) is poised to benefit from this week's significant order from Qatar Airways for more than 160 jets, Jefferies analyst Sheila Kahyaoglu said. The deal, announced during President Trump’s recent visit to Doha,