Boeing Says It Signs Sales Agreement with Iran Air

DUBAI, United Arab Emirates --- Boeing Co. said Tuesday it signed an agreement with Iran Air "expressing the airline's intent" to buy its aircraft, marking the first major deal with an American company in the Islamic Republic following its landmark nuclear deal last year with world powers.

The Chicago-based manufacturer issued a statement to The Associated Press saying that it signed the agreement "under authorizations from the U.S. government following a determination that Iran had met its obligations under the nuclear accord reached last summer."

"Boeing will continue to follow the lead of the U.S. government with regards to working with Iran's airlines, and any and all contracts with Iran's airlines will be contingent upon U.S. government approval," it said.

Boeing offered no further details on the sale.

Iran Air, the country's national carrier, said this week it wants to buy new generations of the Boeing 737, as well as the 300ER and 900 version of the Boeing 777. (end of excerpt)

Click here for the full story, on the AP website.

(EDITOR’S NOTE: The contract is widely expected to cover about 100 aircraft, with a total value of around $25 billion.)

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