Trump immigration ban could jeopardize $20 billion in Boeing deals with Iran, Iraq
About $20 billion in Boeing aircraft sales to Iran and Iraq could be at risk due to President Donald Trump's executive order on immigration.
"We think the president's travel ban could have negative implications for orders from Iran and Iraq," James Corridore, an aerospace analyst at CFRA Research, told CNBC."We see these contracts as vulnerable to cancellation, though we also think it possible that the current injunction against the travel ban will be upheld, which could lessen the impact."
Iran agreed last year to buy 80 jetliners from Boeing Co. in a deal valued at $16.6 billion. Boeing said the deal has the potential to sustain thousands of U.S. jobs. Iraq also has a firm order to buy 10 Boeing 787 Dreamliners and 18 Boeing 737s.
Boeing's $16.6 billion deal to sell Iran 80 737 and 777 aircraft will support nearly 10,000 jobs, with many tied to Boeing operations in the Puget Sound region.
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