SpaceWar.com - Your World At War
Boeing says it will follow US policy on Iran
New York, May 8 (AFP) May 08, 2018
Boeing said Tuesday it will continue to take its cue from US government policy on sales to Iran after President Donald Trump announced the US would withdraw from the Iran nuclear pact.

"Following today's announcement, we will consult with the US government on next steps," said Gordon Johndroe, a vice president of government operations communications.

"As we have throughout this process, we'll continue to follow the US government's lead."

The statement was released by the aerospace giant shortly after Trump's remarks again lambasting the 2015 agreement as "defective at its core."

Boeing chief executive Dennis Muilenburg said last month the company has delayed deliveries of 777 planes to Iran amid the Trump administration's reconsideration of the nuclear deal.

After lengthy negotiations and tight oversight by the Obama administration, Boeing in December 2016 announced a landmark agreement to sell Iran Air 80 aircraft valued at $16.6 billion.

The aircraft had been expected to be delivered starting in late 2018. However, Muilenburg said financial targets this year had not accounted for plane deliveries to Iran.

Boeing also had announced a contract in April 2017 to sell Iran Aseman Airlines 30 Boeing 737 MAX aircraft for $3 billion, with purchase rights for another 30 aircraft. Deliveries were to begin in 2022.

Shares of Dow member dropped 0.8 percent to $337.72 in afternoon trading.


ADVERTISEMENT




Space News from SpaceDaily.com
Out of the string theory swampland
Where did cosmic rays come from? MSU astrophysicists are closer to finding out
Silicate clouds discovered in atmosphere of distant exoplanet

24/7 Energy News Coverage
Auto sector reels from China's rare earth restrictions
c-FIRST Team Sets Sights on Future Fire-observing Satellite Constellations
Leaders warn race for minerals could turn seabed into 'wild west'

Military Space News, Nuclear Weapons, Missile Defense
Japan says two Chinese aircraft carriers seen in Pacific
NATO learns as Ukraine's 'creativity' changes battlefield
Rare earths: China's trump card in trade war with US

24/7 News Coverage
'No doubt' Canadian firm will be first to extract deep sea minerals: CEO
What is the high seas treaty?
World leaders urged to step up for overexploited oceans



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.