Turkish Airlines inks big Boeing deal
Digest more
Stocktwits on MSN
Boeing, Lockheed Stocks Draw Retail Attention As Turkey’s Erdogan Reportedly Lines Up $50B In US Jet, Gas Orders To Mend Ties
Turkish President Recep Tayyip Erdogan is set to meet President Donald Trump at the White House on Thursday, six years after their last meeting there, and plans to put forward $50 billion purchase offers for U.
The deals are subject to approval by U.S. President Donald Trump, the report added. The White House, Boeing and Lockheed Martin did not immediately respond to a Reuters requests for comment outside regular business hours.
The plans, which would still need approval from President Donald Trump, are expected to be on the agenda when Erdogan visits the White House on Thursday. The talks come at a pivotal moment as Ankara looks to repair ties with Washington,
Turkey plans massive Boeing and Lockheed jet buys to modernize airlines and boost military, creating local jobs.
Speculation is growing that Turkey will place an order for Boeing jets and Lockheed Martin fighters in the US when the leaders of both countries meet this week.
Turkey is NATO's second-largest operator of the F-16 but scaled back its acquisition in the hopes of acquiring the F-35 instead. The US has six F-35s already built for Turkey, but these airframes remain in storage due to the ongoing disagreement.