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Boeing will reportedly lose billions of dollars in deals with Iranian airline companies after President Trump announced that the U.S. will be withdrawing from the Iran nuclear deal.

Boeing is losing a $17 billion contract to deliver 80 aircraft to Iran Air, according to The Washington Post, which added that deliveries were expected to be completed by 2025.

The article goes on to state the following:

That is in addition to another 30-airplane agreement between Boeing and Iran’s Aseman Airlines for $3 billion, the newspaper said.

“We will consult with the U.S. Government on next steps. As we have throughout this process, we’ll continue to follow the U.S. Government’s lead,” Boeing Vice President Gordon Johndroe said in a statement, according to the Post.

Trump announced Tuesday that sanctions will be reimposed on Iran as the U.S. pulls out of international pact to keep Iran from obtaining nuclear weapons.

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