Boeing Reverses Its Decision To Invest In Iran

Boeing Iran
CHICAGO - NOVEMBER 28: The Boeing logo hangs on the corporate world headquarters building of Boeing November 28, 2006 in Chicago, Illinois. Orders for U.S. manufactured durable goods saw an 8.3 percent decrease in October. Aircraft orders dropped 45 percent for the same period. (Photo by Scott Olson/Getty Images)

Following President Donald Trump’s decision last month to pull the United States out of the 2015 nuclear accord with Iran, Boeing announced it will not deliver aircraft to Iran in light of US sanctions, effectively aborting a pair of large contracts with Iranian carriers.

“We have not delivered any aircraft to Iran, and given we no longer have a license to sell to Iran at this time, we will not be delivering any aircraft,” a Boeing spokesman said Wednesday. “We did not factor the Iran orders into our order backlog either.”

Boeing obtained U.S. Treasury licenses to begin conducting business with Iran during the Obama administration. In December 2016, Boeing announced an agreement to sell 80 aircraft valued at $16.6 billion to Iran Air. The company announced a second contract in April 2017 to sell Iran Aseman Airlines 30 Boeing 737 MAX aircraft for $3 billion, with purchase rights for another 30 aircraft.

But their decision to terminate the contracts is not just financially significant. It’s also a signal to world markets and United States allies that Iran must be contained and punished as they continue to develop nuclear weapons. (RELATED: President Trump To Withdraw from Iran Deal).

This is truly the Trump effect. Whereas Obama perpetuated an “echo chamber” on Iran and did everything he could to protect their national interests, the Trump administration is treating Iran for what it is: a corrupt enemy that actively funds terrorism. Boeing was right to cancel the contracts; the U.S. cannot be complicit in any of Iran’s nefarious activities.

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By Ann

Ann is a conservative political blogger whose work has appeared on Bleacher Report and America Liberty PAC. Nothing angers... More about Ann

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