Boeing and Iran Air finalise $16.6bn order for 80 planes

Boeing and Iran Air finalise $16.6bn order for 80 planes

Boeing and Iran Air finalised an agreement for 80 aircraft that includes 50 737 MAX 8s, 15 777-300ERs and 15 777-9s, valued at $16.6 billion at list prices.

Based on its memorandum of agreement with Iran Air announced in June, the contract was reached within the terms of the US government license issued to Boeing in September.

Boeing coordinated closely with the US government throughout the process leading up to the sale and continues to follow all license requirements as it moves forward to implement the sales agreement.

Today’s agreement will support tens of thousands of US jobs directly associated with production and delivery of the 777-300ERs and nearly 100,000 US jobs in the US aerospace value stream for the full course of deliveries, Boeing said in a statement.

The first airplanes under this agreement are scheduled for delivery in 2018.

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Boeing and its more than 13,600 US supplier and vendor partners across all 50 states are proud to ensure America continues to lead in global aerospace and to create jobs and opportunities in communities across the nation.

However, president-elect Trump has vowed to “cancel” the Obama administration-led thaw with Iran, potentially causing difficulties for the deal in the future.

The order will be posted on Boeing’s Orders & Deliveries website as contingencies are cleared.