Boeing Lands $38B Deal to Sell to China


boeing chinaBoeing secured a $38 billion deal with Commercial Aircraft Corp. of China Ltd. to sell 300 planes and open a facility in China, the company announced on Wednesday.

Boeing’s announcement coincides with Chinese President Xi Jinping’s visit to a Boeing factory near Seattle during his state visit. Boeing said it plans to work on its 737 jetliner at the forthcoming aircraft-completion center, where workers will paint the fuselage and install seat and in-flight entertainment systems on the 737.

Details on where the facility will be located have yet to be finalized.

News of the deal sparked backlash from union members, who protested outside the factory during Xi’s visit. The company said it wouldn’t reduce employement on the 737 program in Washington. Read more at the Wall Street Journal.