REPORT: Company to lose $20B as Trump withdraws from Iran pact

Get the DML App. CLICK HERE

As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by TheHill.com:

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.

To weigh in on this information provided by TheHill.com, engage in our LIVE CHAT below. Scroll down.

For more on this story, click the "read more" button below.

READ MORE

If you would like to receive Breaking News text alerts on a smartphone or tablet, download the DML APP which is completely FREE and easy to use. Go to the Google Play Store or the IOS App Store and search for DML APP. Be sure to keep the app’s notifications setting on. Another way to receive alerts is to text to 40404 the following message: follow @realdennislynch (be sure to put a space between the word follow and the @ symbol).

To see more stories like this, sign up below for Dennis Michael Lynch’s email newsletter.







 

Comment via Facebook

Send this to a friend