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
You may also like
More from Defence Notes
-
![Israel defence ministry pushes ambitious spending plans for tanks, drones and KC-46 aircraft]()
Israel defence ministry pushes ambitious spending plans for tanks, drones and KC-46 aircraft
The procurement and acceleration production plans – some of which still await approval – across the air and land domains will aim to strengthen the operational needs of the Israel Defense Forces.
-
![US reforms its defence acquisition system to focus on commercial capabilities]()
US reforms its defence acquisition system to focus on commercial capabilities
This shift is planned to accelerate the procurement and fielding of capabilities. As part of this strategy, the US also intends modernise its regulations in an attempt to change its bureaucratic and risk-averse culture.
-
![Australia’s Exercise Talisman Sabre concludes after a series of firsts]()
Australia’s Exercise Talisman Sabre concludes after a series of firsts
More than 40,000 military personnel from 19 participating nations took part in the 11th iteration of the biennial Exercise Talisman Sabre multi-domain event which was held across Australia and in Papua New Guinea.
-
![US Africa Command targets logistic solutions]()
US Africa Command targets logistic solutions
AFRICOM is seeking IT systems and supply chain management solutions to enhance interoperability and standardise logistical processes in its area of responsibility.
-
![Rheinmetall sales up by almost a quarter on wave of German spending]()
Rheinmetall sales up by almost a quarter on wave of German spending
Germany’s Rheinmetall released its 1H 2025 results on 7 August, continuing the strong growth of recent years. A particular highlight of the result’s presentation was the Skyranger air defence system for which the company is predicting sales of about US$8.2 billion from the German Government before the end of the year.
-
![Defence companies continue to ride procurement wave]()
Defence companies continue to ride procurement wave
Vehicle and technology companies are reporting substantial growth compared to the first half of 2024. Italy’s Fincantieri saw revenues jump 24% for the first half of the year compared to 2024 and Thales up 6.8% for the same period. General Dynamics reported second quarter revenue growth of 8.9% for the second quarter compared to last year and MilDef reported organic order intake growth of 58%.
