Washington, D.C. – March 24, 2025 – U.S. Secretary of Commerce Howard Lutnick announced a significant commercial agreement on Friday, marking a major boost for American aviation manufacturing. The deal, valued at approximately $32 billion, will see Korean Air purchase up to 50 widebody aircraft from Boeing, equipped with engines manufactured by GE Aerospace.
The signing ceremony, held in Washington, D.C., underscored the Trump administration’s push to revitalize American manufacturing. Secretary Lutnick emphasized the deal as a testament to the global confidence in U.S. industrial capabilities and innovation.
“President Trump and I are dedicated to launching a new era for American manufacturing, and today's announcement clearly illustrates the global recognition of American manufacturing and innovation,” Lutnick said. “Our skilled workforce at industry leaders like Boeing and GE Aerospace embodies America’s unparalleled industrial strength and technological prowess. The Department of Commerce remains committed to supporting these endeavors that will fuel our nation’s economic resurgence.”
Boeing, a longtime leader in the aerospace industry, hailed the agreement as a demonstration of international confidence in American-made aircraft.
“The support provided by the Department of Commerce has been essential, and we are eager to continue working together to enhance the competitiveness of American manufacturing and exports,” said Kelly Ortberg, President and CEO of Boeing. “Our ongoing collaboration with Korean Air highlights the strong global demand for aircraft built in the United States.”
GE Aerospace, which will supply engines for the new aircraft, also expressed its commitment to advancing U.S. technological leadership.
“We greatly value Korean Air’s ongoing trust and the Commerce Department’s consistent support for American technological leadership,” said Russell Stokes, President and CEO of Commercial Engines and Services at GE Aerospace. “We're enthusiastic about advancing our longstanding collaboration, supporting Korean Air's fleet modernization and growth ambitions.”
The deal is part of the broader economic strategy led by the Trump administration, which has secured more than $3 trillion in investment commitments for the United States. The administration has also prioritized reducing the nation’s trade deficit while reinforcing America’s status as a global leader in industrial and technological innovation.
For media inquiries, contact:
Office of Public Affairs
Email: publicaffairs@doc.gov
0 Comments