Boeing says it will follow US policy on Iran
Boeing said on 8 May 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 VP 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
More from Defence Notes
-
![What the future holds for Ukraine and NATO under a Trump administration]()
What the future holds for Ukraine and NATO under a Trump administration
Although Trump’s geopolitics policy for Europe remains unclear, defence analysts from the US and Europe predict how his incoming administration would attempt to handle critical issues on the continent.
-
![RUSI deputy: UK needs longer procurement plans and improved awareness of US sift to Indo-Pacific]()
RUSI deputy: UK needs longer procurement plans and improved awareness of US sift to Indo-Pacific
The UK budget announced in Parliament on 30 October was the first by a Labour government in 14 years which has also launched a review into defence procurement programmes.
-
![Australia outlines longer punch and brings local industry onboard]()
Australia outlines longer punch and brings local industry onboard
The Australian government has placed a focus on Guided Weapons and Explosive Ordnance (GWEO) which has included the purchase of additional long-range rocket systems and investments in local production of missiles.
-
![UK boosts defence budget by 5.3%, but is this enough?]()
UK boosts defence budget by 5.3%, but is this enough?
The UK budget announced in Parliament on 30 October is the first by a Labour government in 14 years. While it sees a boost in defence spending, this comes in the face of fiscal challenges and the effects of inflation.
-
![UK makes big moves to fix “broken” defence procurement system ahead of major review]()
UK makes big moves to fix “broken” defence procurement system ahead of major review
The changes are intended to meet greater need and deliver more value for money.
-
![US companies invest in production capabilities to satisfy DoD’s hunger for cutting-edge capabilities]()
US companies invest in production capabilities to satisfy DoD’s hunger for cutting-edge capabilities
BAE Systems, Booz Allen Hamilton and Lockheed Martin have been betting on new facilities and innovative manufacturing technologies to speed up the development of new solutions.
