Boeing CEO says end of Iran deal won't hurt 737 production

Factbox How Trump is reimposing Iran sanctions after ditching deal

He was speaking a day after President Donald Trump announced that the USA was withdrawing from the deal, which had curbed Iran's atomic programme in exchange for sanctions relief.

Airbus Group in 2016 secured an order for 100 aircraft - including 16 A50s and 38 A330 family aircraft and 46 from the A320 family -, worth $US19 billion at list prices. Industry sources said Boeing had been tentatively due to send Iran three 777s this year but had reshuffled deliveries with other buyers. Boeing separately struck another 30-airplane deal with Iran's Aseman Airlines for $3 billion at list prices.

"As we have throughout this process, we'll continue to follow the U.S. government's lead", said Boeing spokesman Gordon Johndroe.

It's not just about Iran: Late last week, for example, the Air Force announced the selection of Lockheed Martin and Northrop Grumman to begin work on a new constellation of missile-warning satellites. "The good news is that the fundamental strength of the 777 product line and the increased sales volume that we're seeing in the marketplace both for 777-300ERs and for the 777 freighters has only bolstered our confidence in that line", he said.

Other leading US aerospace firms posted gains - partly due to expectations for increased defense spending, and partly as a reaction to last week's defense-stock selloff.

The sanctions on oil purchases will be the same as under the administration of former President Barack Obama.

With the US exiting the Iran deal, American companies are set to lose big bucks, keeping them from being able to grow the American economy.

Ohio State QB Burrow to transfer
Because he graduated from Ohio State, he can transfer and play immediately as a graduate student without having to sit out a year. With Dwayne Haskins Jr. the favorite to start in the fall, Burrow previously acknowledged that a transfer was possible.

Trump said on Tuesday he was withdrawing the United States from the global nuclear deal with Iran, arguing the deal provided Tehran generous sanctions relief without imposing tough enough limits on its nuclear program or other "sinister" activities. The reinstatement of sanctions represents a lost opportunity for Toulouse-based Airbus, Chicago-based Boeing and American plane engine-makers such as General Electric.

Speaking of energy, France's Total (tot) has a $2 billion deal with China's CNPC to develop Iran's South Pars gas field.

US President Donald Trump's decision to exit the Joint Comprehensive Plan of Action (JCPoA) and restore wide-reaching sanctions on Iran has closed the door for planemakers and lessors to do business with the country.

It was created to prevent Iran from obtaining a nuclear bomb.

The U.S. move also creates a more unpredictable environment in the Middle East, in which Iran could choose to lash out against U.S. interests more openly or keep chipping away at them and extending its regional influence.

"This is going to have a profoundly negative impact on the willingness of the Europeans to work with us in the way that they have been for a very long time". "That's why Iran came to the table".

Related News:

  • Khloe Kardashian 'creating a life for her family in Cleveland'

    Khloe Kardashian 'creating a life for her family in Cleveland'

    Paparazzi were able to sneakily capture Kardashian as she explored a nearby park in Cleveland , Ohio with her baby in tow. As Us Weekly beforehand announced, Jenner needed Khloé to leave OH when the specialists enabled her to fly once more.
    Marvel Studios & Disney Working On A New Franchise Beyond Avengers

    Marvel Studios & Disney Working On A New Franchise Beyond Avengers

    Obviously, there's no rush since we completely trust them with what they're doing. "That's our motivation for everything". We expect it to release sometime by the end of this year, but we simply don't know yet.
    Facebook shuffles top management, eyes Blockchain

    Facebook shuffles top management, eyes Blockchain

    Marcus didn't reveal the type of applications for blockchain that he'll be working on At Facebook . But Facebook CEO Mark Zuckerberg has said that he's investigating how to best use the technology.
  • Controversy Hits Malaysian Indian Investor's Takeover of Cambodian Newspaper

    Controversy Hits Malaysian Indian Investor's Takeover of Cambodian Newspaper

    Sivakumar said in a press release distributed to staff on Saturday that he meant to maintain the newspaper's editorial independence.
    Mike Braun Wins Indiana Senate GOP Primary

    Mike Braun Wins Indiana Senate GOP Primary

    Fueled by politically motivated attack ads, the race was one of the most volatile in the country. In Ohio, Attorney General Mike DeWine, the "Establishment" candidate, beat John Kasich's Lt.
    Google unveils new 'smart compose' feature for Gmail

    Google unveils new 'smart compose' feature for Gmail

    You can also report an email as a phishing scam by clicking on the dropdown menu, marked by an arrow, in the righthand corner. Or sometimes it will just accurately guess the few words that you want to use to wrap up a sentence.
  • Shahid Khaqan strongly criticised NAB for launching probe against Nawaz Sharif

    Shahid Khaqan strongly criticised NAB for launching probe against Nawaz Sharif

    The World Bank has rejected Pakistani media reports about former Prime Minister Nawaz Sharif laundering $4.9 billion to India. The premier in his tirade alleged that the institution has overstepped its domain.
    Calorie count rules take effect Monday

    Calorie count rules take effect Monday

    Many chains, including McDonald's, Panera and Starbucks, began posting calories several years back. The FDA said it will be working with restaurants over the next year to help change their menus.
    New Nintendo Switch Online Details Revealed

    New Nintendo Switch Online Details Revealed

    There will be 10 more games announced in the future, but for the first time some of these NES games will have online capabilities. Paid membership to the Nintendo Switch Online service will be required when users want to play online starting this September .
  • Present remains tense as Antonio Conte ducks future talk

    Huddersfield meanwhile have a very different incentive for needing to claim the points at Stamford Bridge. The Premier League match between Chelsea and Huddersfield will be broadcast on NBCSN.
    Android P Beta is available for non-Google devices

    Android P Beta is available for non-Google devices

    Google Assistant is rolling out in more countries this year including the UK, France, Korea, Japan, and Canada. Similarly in Google Photos, it will now be easier to share a photo instantly via smart, in-line suggestions.
    IOS 11.4 security tool is Apple's newest way to foil the Feds

    IOS 11.4 security tool is Apple's newest way to foil the Feds

    This will disable USB data transfer from the Lightning connector, if the device hasn't been unlocked in seven consecutive days. This basically locks the device in a way that it can not be restored or updated via iTunes after the threshold period is met.


Most liked

Messi, Ronaldo reach combined total of 1000 goals
The report also quotes Real Madrid skipper Sergio Ramos who said that Messi put pressure on the referee during the break. He added: "I don't know if [Mohamed] Salah will be in contention for the Ballon d'Or, but he's had a great season".

Mahathir Mahathir, 92, claims win over ruling coalition in Malaysia elections
At the last election in 2013, BN lost the majority vote in its worst performance ever, but pulled in 133 seats. The current Prime Minister, Najib , has been embroiled in a multi-billion-dollar government funding scandal.

Terrorist gunned down in Srinagar's Chattabal, Encounter underway
SP Pani, inspector general of police, Kashmir zone, said they have taken action. " Encounter concluded in Chattabal Srinagar ". They also strongly condemned the killing of three persons by unidentified gunmen in north Kashmir's Sopore and Hajin areas.

Israel strikes Syria after Trump's Iran move
Israel announced it had ordered troops in the Golan Heights to ready bomb shelters, deploy new defences and mobilise forces. Harrowing footage shows missile strikes going off at Iran military bases in the Kiswah area, near Syrian capital Damascus .

Anti-India Protests In Kashmir Follow Reported Killing Of Rebels
Security have been deployed in the areas where restrictions and also at other law and order vulnerable places. Lone, who is a former Jammu and Kashmir Assembly speaker, said: "Killing people can never solve any issue".

Sergio Ramos: 'I could make China move'
Real Madrid captain Sergio Ramos accused Barcelona star Lionel Messi of putting the referee under pressure in Sunday's El Clasico.

Walmart Announces New Measures to Cut Opioid Abuse
Centers for Disease Control and Prevention (CDC) estimates that 115 Americans die on average every day from an opioid overdose. The stores are also providing additional education and training for their pharmacists on opioids and noloxone.

'Deeply sorry': Katy Perry's freaky delivery for Taylor Swift
May, 2017 - Katy debuts her song " Swish, Swish " rumoured to be about Taylor Swift . You're so awesome and I can't wait to have you at a show!

Destiny 2 Warmind DLC Release Time, Price And More
The Warmind expansion is available to download now, but players will not be able to log in until 2 p.m. Various changes have been provided for the base game, including the launch of Destiny 2 Season 3.

Long Island weather: Partly sunny, highs in mid-60s
Thursday will be the warmest day of the week with highs in the Springs warming to the mid 80s and Pueblo in the lower 90s. Cloudy and warm today , a brief shower or sprinkle is possible this afternoon.

Sonia Gandhi: Narendra Modi's oratory can not fill stomach of poor
Modiji what did you do for security of women, children, backward classes, dalits and minorities", she asked. The people who sit with you on the dais in Karnataka have grave allegations against them.

Kim Kardashian's Met Gala dress 2018 is next-level FIRE
The rapper has caused controversy by supporting President Donald Trump and suggesting that slavery was a choice. The LBD featured a woven bra, with five gold buckled straps extending down from a thick black collar.

Colbert: 'I wish I could forget Donald Trump having sex with people'
Just 16 months into his presidency, Trump has made at least 3,000 statements that are documented as misleading or outright lies. Multiple news outlets have reported that Giuliani has fallen out of favor with Trump following a almost weeklong media blitz.

Trade, Terror, and Teasing: Trump Weighs in on International Policy on Twitter
The Defense Intelligence Agency had officially pronounced unreliable what al-Libi had said, but Tenet never told Powell. US President Barack Obama ended "enhanced interrogation techniques" on his second day in office.

Horse race bet with William Hill
How to place a bet To place your wager/bet, all you need is to provide the appropriate information to the ticket writer. Simply you just have to pay £1horse bet and you can easily watch the live horse racing broadcast on your device.