Shares of Boeing were higher Friday morning after reports that Boeing is poised to approve the sale of $7 billion worth of fighter jets to Qatar and Kuwait. The deal involves a potential sale of 36 Boeing F-15 fighter jets to Qatar valued at about $4 billion and 28 Super Hornets, plus the option to buy 12 more, to Kuwait in a transaction worth about $3 billion, according to Reuters. The sales have been pending for more than two years as U.S. ally Israel expressed concerns that the arms might be used against it. But a Kuwait spokesperson told Reuters that the deal was imminent and that a decision is expected next week.
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