Boeing confirms sales agreement with Iran Air

Boeing Co. confirms it signed an agreement with Iran Air “expressing the airline’s intent” to buy its aircraft — the Islamic Republic’s first major deal with an American company following its landmark nuclear accord last year with world powers.

It’s unclear how much the agreement with Iran Air would be worth, though an Iranian official earlier suggested the total Boeing sale to the Islamic Republic could be valued at $25 billion.

The Chicago-based manufacturer says in a statement that it signed the Iran Air agreement “under authorizations from the US 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 US 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,” the statement says.

— AP