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
-
US FY2024 funding package passes as China closes military capability gap
The Pentagon has been operating under temporary funding since October 2023, which has impacted its main acquisition and development programmes, increasing the capability gap between the US and China.
-
US Pentagon to reduce investments in main acquisition programmes over FY2025
The DoD requested nearly US$850 billion to fund operations over the next fiscal year. Despite the amount being 1% higher than the FY2024 budget request, it has not covered the 3% inflation rate, which could impact the DoD’s main programmes in the medium and long term.
-
Haiti crisis forces Caribbean militaries to prepare for intervention
As gangs gain control of Port-au-Prince, Haiti’s Caribbean neighbours have been preparing to intervene in the failed state, with the US and other partners waiting in the wings with equipment and financial support.
-
European Commission sets out first-ever European Defence Industrial strategy
The strategy set out by the Commission will aim to bolster Europe’s defence industry, foster innovation and strengthen international alliances.
-
Boeing fined $51 million due to unauthorised exports
An administrative settlement between the US Department of State and the manufacturer resolved 199 violations of US regulations including unauthorised exports of technical data to China.