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Boeing (BA) Stock Higher, U.S. Set to Approve $7 Billion Fighter Jet Sale

NEW YORK (TheStreet) -- Shares of Boeing (BA) were increasing in mid-afternoon trading on Thursday as the U.S. is poised to approve the sale of $7 billion worth of the aerospace company's fighter jets to Qatar and Kuwait, Reuters reports.

The deal surrounds a potential sale of 36 Boeing F-15 fighter jets to Qatar valued at about $4 billion and 28 F/A-18E/F Super Hornets, plus options for 12 more, to Kuwait in a transaction worth approximately $3 billion.

The sales have been pending for more than two years as the U.S...