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Boeing (BA) Stock Closed Higher, Government Clears Sale of Fighter Jets to Qatar, Kuwait

NEW YORK (TheStreet) -- Shares of Boeing (BA) closed up on Wednesday after the U.S. government cleared $7 billion in sales of the company's fighter jets to Kuwait and Qatar, Reuters reports, citing sources.

The Chicago-based company will sell 28 Super Hornets to Kuwait with options for 12 additional jets in a deal valued at about $3 billion. Boeing will also sell 36 F-15 fighter jets to Qatar for around $4 billion, the sources said.

The sale has been pending for over two years as Israel, which is...