Last week President-elect Donald Trump called out Boeing for what he claimed to be an excessive price for two new 747-8s the Air Force has ordered to replace Air Force One. Trump’s tweet followed a comment from Boeing CEO Dennis Muilenburg calling for a renewed charter for the U.S. Export-Import Bank or face the loss of sales to foreign countries. The President-elect called for elimination of the bank when he was campaigning for office.
In September Boeing received a license from the Treasury Department to sell up to 109 new airplanes to Iran, the 80 included in Sunday’s announcement plus 29 others that Boeing will acquire from leasing companies. That license enables Boeing to assist Iran in lining up U.S. bank financing for the sale.
Will Congressional Republicans push more chips onto the metaphorical poker table? With the inauguration of President-elect Trump just a few weeks away the likely tactic will be to make some noise now but to wait until Trump is safely in office before tackling the Iran deal again.
One thing Sunday’s agreement will do is allow Boeing to add the 80 planes to its order book. That will lift the company’s total sales for the year from 468 to 548, still well short of the company’s goal of a 1:1 book-to-bill ratio. Boeing expects to deliver around 745 to 750 new planes in 2016.
Boeing Signs $17 Billion Deal with Iran, Challenges Republican Effort to Block Sales - The Boeing Company (NYSE:BA) - 24/7 Wall St.
In September Boeing received a license from the Treasury Department to sell up to 109 new airplanes to Iran, the 80 included in Sunday’s announcement plus 29 others that Boeing will acquire from leasing companies. That license enables Boeing to assist Iran in lining up U.S. bank financing for the sale.
Will Congressional Republicans push more chips onto the metaphorical poker table? With the inauguration of President-elect Trump just a few weeks away the likely tactic will be to make some noise now but to wait until Trump is safely in office before tackling the Iran deal again.
One thing Sunday’s agreement will do is allow Boeing to add the 80 planes to its order book. That will lift the company’s total sales for the year from 468 to 548, still well short of the company’s goal of a 1:1 book-to-bill ratio. Boeing expects to deliver around 745 to 750 new planes in 2016.
Boeing Signs $17 Billion Deal with Iran, Challenges Republican Effort to Block Sales - The Boeing Company (NYSE:BA) - 24/7 Wall St.
