President Trump's high-stakes decision to withdraw the U.S. from the multilateral Iran nuclear deal has winners and losers, and leaves serious questions about what happens next, but one clear loser is Boeing. After the U.S. and Iran signed the deal with China, Russia, and European allies in 2015, Boeing signed a $17 billion deal with Iran Air to deliver 80 aircraft and another $3 billion deal with Iran's Aseman Airlines. Airbus also inked a deal to sell Iran Air 100 planes for $19 billion, only three of which have been delivered. "The Boeing and Airbus licenses will be revoked," Treasury Secretary Steven Mnuchin said Tuesday. "The existing licenses will be revoked."
"We will consult with the U.S. government on next steps," Boeing vice president Gordon Johndroe said in a statement. "As we have throughout this process, we'll continue to follow the U.S. government's lead." Boeing stock fell a modest 0.6 percent on the sanctions news, in part because Boeing already has a long backlog of orders pending, The Washington Post reports.
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