The White House announced that Korean Air will purchase 103 new Boeing aircraft worth $36.2 billion, part of a series of major trade and investment deals secured by President Donald Trump during his visit to South Korea. The agreements span aerospace, energy, and technology sectors, supporting thousands of U.S. jobs and deepening economic ties between the two allies.
- Korean Air’s order will support up to 135,000 U.S. jobs and include a separate $13.7 billion deal for GE Aerospace engines.
- The ROK Air Force selected L3Harris Technologies for a $2.3 billion Airborne Warning and Control aircraft project, supporting 6,000 American jobs.
- Energy deals include the Korea Gas Corporation’s long-term purchase of 3.3 million tons per year of U.S. LNG and a new uranium enrichment partnership between Centrus Energy, KHNP, and POSCO International.
- Amazon announced a $5 billion investment to expand cloud infrastructure in South Korea, part of a broader $40 billion regional initiative.
- Shipbuilding investments include a $5 billion program by HD Hyundai and Cerberus Capital Management to modernize U.S. shipyards.
- Hanwha Ocean plans a $5 billion expansion at Pennsylvania’s Philly Shipyard, increasing production capacity more than tenfold.
Relevant Companies
- Boeing ($BA) — Supplier of 103 aircraft to Korean Air, valued at $36.2 billion.
- GE Aerospace ($GE) — Providing engines for Korean Air’s new fleet under a $13.7 billion contract.
- L3Harris Technologies ($LHX) — Selected for South Korea’s $2.3 billion Airborne Warning and Control aircraft program.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
