Boeing Makes $18 Billion Deal, Largest In History

Initial deal would provide 50 planes, could add 20 more

Aircraft manufacturer Boeing, whose corporate offices are located in Chicago, signed on the dotted line with Emirates Airlines this week for an $18 billion order, marking the biggest deal in Boeing's history.

The airline and manufacturer agreed to terms for a 50-plane order for Emirates.

That deal includes an option that could add 20 more jets, if the Dubai-based company wants more.

The deal, worth $18 billion, includes 50 777-300ER airliners initially, but could add up to 20 more. If more planes are made Boeing could made $8 billion more off the deal.

The 777-300ER is designed for long flights. The new planes will join Emirates' already record-breaking fleet of 777's, which currently stands at 94.

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