Boeing Signs $17 Billion Deal with Iran, Challenges Republican Effort to Block Sales
Iran's official news agency, IRNA, said this morning that the Islamic Republic has signed an agreement with The Boeing Co. (NYSE: BA) to purchase 80 aircraft valued at around $16.6 billion. The deal comes less than a month after the U.S. House of Representatives passed legislation that would prohibit the Treasury Department from issuing licenses for aircraft sales to Iran thus making it impossible to finance the sales.
The order, which was first revealed in June, comprises 50 737 MAX 8s, 15 777-300ERs and 15 777-9s.
IRNA's announcement contained just two sentences:
Iran Air and the American Corporation of Boeing signed an agreement on selling 80 aircraft to Iran, managing director of the Civil Aviation Organization of Islamic Republic of Iran announced.
On the sidelines of the signing ceremony held in Tehran on Sunday, Farhad Parvaresh said the airplanes will be delivered to Iran during a ten-year period.
In a statement released later Sunday morning, Boeing said:
Today's agreement will support tens of thousands of U.S. jobs directly associated with production and delivery of the 777-300ERs and nearly 100,000 U.S. jobs in the U.S. aerospace value stream for the full course of deliveries. The first airplanes under this agreement are scheduled for delivery in 2018.
https://www.msn.com/en-us/money/companies/boeing-signs-dollar17-billion-deal-with-iran-challenges-republican-effort-to-block-sales/ar-AAlqeat?li=BBnb7Kz&ocid=edgsp
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I expect to see a lot of pushback against Corrupt Trump from the Republican corporate constituency! 
And they now control Congress. 
