Boeing To Lose $20 Billion In Contracts Because Of Trump Sanctions On Iran

The aircraft sales were among the most sought-after contracts for Iran. 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, which deliveries were expected to be completed by 2025.

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Boeing is just the part of this story. Trump will undoubtedly make sure that French Airbus will not be able to deliver planes to Iran as well. This company will lose $19 billion. It is also subject to US export restriction because more than 10% of its jet parts originate with US companies. 

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Obviously in this chess game Trump is aware only of his own moves. He is still not aware that his actions have impacts and consequences. Excellent way to make America great way. 

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Boeing  is losing about $20 billion in contracts and Airbus is also expected to lose a large contract it has with Iran Air for 100 planes worth about $19 billion. 
I’m sure China will be happy to fill that void in the market with their new line of jets that just entered service 18 months ago.

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With Western sanctions, Russia has been struggling to find markets for its Sukhoi SuperJet and they are already good friends with Tehran. So I wouldn’t be too surprised to see a deal done in Moscow. Long range is a bit harder to fix as Airbus and Boeing essentially own those markets.

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Even this is a big blow for Boeing its production doesn't depend on Iran. This announcement was followed by slight drop in shares but they came back just after few hours. 

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