Boeing Co. says it signed new $3B deal with Iranian airline

Boeing Co. says it signed new $3B deal with Iranian airline

Boeing Co. says it signed new $3B deal with Iranian airline

Trump has said he opposes the nuclear sanctions pact, but has not stated a public view on the aircraft deals reached under the accord, which the US aerospace industry says would support his agenda for protecting USA manufacturing jobs.

In its statement Tuesday, Boeing touted the potential of the 737 deal with Iran to boost U.S.jobs, saying the agreement "creates or sustains approximately 18,000 jobs in the United States".

It comes on top of a December deal by Iran Air, the country's flag carrier, for $16.6 billion with Boeing for 80 passenger planes.

The deals were made possible by an agreement signed by Iran and six world powers including the U.S. The deal limited Iran's uranium enrichment activities in an effort to keep the country from developing nuclear weapons. Aseman now has a fleet of 36 planes-half of them the 105-seat Dutch Fokker 100s.

Under the proposed deal, Aseman Airlines would receive the planes in 2022. When he was still Trump's national security adviser, Michael Flynn said that Iran was "officially on notice" after it conducted a missile test in February.

The Boeing announcement contrasted with other signs of growing hostility between the Trump administration and Iran.

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If the deal is approved, deliveries to Iran could start in two years according to Boeing. Under the agreement, Iran limits the enrichment of uranium in return for certain worldwide sanctions being lifted, one of which is the purchase of aircraft.

Over the last several months, relations between the United States and Iran have soured.

The agreement was sealed with the attendance of Boeing representatives in Tehran after a year of negotiations between the Iranian company and Boeing. Iran agreed to redesign and reduce its nuclear facilities in exchange for relief from economic sanctions. Boeing's deals with Iran have aroused particularly vehement opposition from lawmakers who claim that planes sold to Iran could be used for military or terrorist purposes.

Boeing has not backed off its commitment to these sales, despite fierce opposition in Capitol Hill and now in the White House.

Boeing shares in NY are up 0.62% to $177.74.

Boeing entered into the transaction after the USA government validated that Iran had satisfied requirements of a 2015 nuclear agreement.

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