Boeing secures agreement to sell aircraft parts to Iran


Boeing (NYSE:BA) has agreed to conditions for it to be able to sell aircraft spare parts to Iran, a move that could lead to the first sale of products by a U.S. aerospace company to Iran since 1979.

In a 10-Q filing, Boeing said it had "entered into an agreement and engaged in related discussions with Iran Air," setting general conditions by which it would sell airplane parts and other safety-related equipment.

Although Boeing hasn't signed a final specific deal, the agreement shows that major U.S. companies are starting to benefit from a softening of relations between Iran and the West.

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Comments (20)
  • wyostocks
    , contributor
    Comments (9112) | Send Message
     
    You have to be kidding me.
    24 Jul 2014, 07:34 PM Reply Like
  • ecrivain
    , contributor
    Comments (19) | Send Message
     
    Unbelievable!!! The key phrase is "the agreement shows that major US companies are starting to benefit from the softening of relations between Iran and the West."

     

    Not a good thing
    24 Jul 2014, 07:34 PM Reply Like
  • Energysystems
    , contributor
    Comments (2042) | Send Message
     
    Do you sheep forget that the Pentagon was selling F-14 parts to Iran, after the whole "Axis of Evil" speech? There's a hilarious Colbert clip on the subject.
    24 Jul 2014, 07:47 PM Reply Like
  • ecrivain
    , contributor
    Comments (19) | Send Message
     
    What sheep? I'm talking about BA at the moment. I never said it was right for anyone to sell F-14 parts to Iran. It's all wrong in my book. How can we possibly control the damage they could do if we assist them?
    24 Jul 2014, 08:38 PM Reply Like
  • mloug21978
    , contributor
    Comments (21) | Send Message
     
    ecrivain,
    "the agreement shows that major US companies are starting to benefit from the softening of relations between Iran and the West."
    Why is that "not a good thing"?

     

    24 Jul 2014, 11:07 PM Reply Like
  • ecrivain
    , contributor
    Comments (19) | Send Message
     
    I don't think we should be doing business with them. Because right now they can not be trusted and pose a threat to our national security. Call me paranoid but considering the history this country has had and the stance they have taken against us and western ideals then there needs to be rules. There needs to be strength in defending our nation, there needs to be realism that not everybody likes us.

     

    If there was a person down the street that through various ways in speech and action consistently threatened you or at least doesn't like to play nicely then you would label them as a bully. There is nothing wrong with calling a spade a spade. There is nothing wrong with now identifying this person as a bully and wanting to protect yourself and your friends from him. So you now guard yourself against that bully. Now let's say the bully rants and raves and talks about picking a fight. Who with? me? my friend? my other friend? I don't know but if it is POSSIBLE that this bully will start a fight, POSSIBLE, because of the words and actions this person has taken then do I really want to give him anything that he could use to harm me? No

     

    What could the bully possible do to harm anyone? I don't know
    I didn't think someone would purposely fly an airplane into the World Trade Center. I didn't think someone would shoot a plane out of the sky? I didn't think someone would threaten to execute a mom because she's Christian or walk into a school and kill children.
    I don't think like that but some people do.

     

    But I do know bullies don't play by the rules of humanity. I know how I live, I live by norms of decency and human respect....not everyone does. Man's history has proven time and time again that some people live by Man vs Man, some like to rule and conquer, maim and kill.

     

    I don't know exactly how a threatening mind thinks. I don't know what lines this bully is willing to cross, obviously more lines than I am, so therefore that bully is not my friend and ally. But what I don't want to happen is to be in the position to say, "wow, I just never thought he would do that. I just wanted to be nice."

     

    Why are we surprised when bad things happen? Because the average person doesn't think and live a bad life. I believe that. But there is always that rotten cherry in the bowl.

     

    I'm just saying we shouldn't be doing business with them. Plain and simple as that. Not until they prove they are no longer threatening.

     

    Let's not ignore things just because we don't want to believe it.

     

    with that I'm going on vacation, away from news. I wish everyone well
    25 Jul 2014, 06:28 AM Reply Like
  • anarchist
    , contributor
    Comments (1923) | Send Message
     
    Maybe we could sell them some uranium.
    24 Jul 2014, 07:41 PM Reply Like
  • ecrivain
    , contributor
    Comments (19) | Send Message
     
    Yup let them build it and they will come...with the help of BA
    24 Jul 2014, 07:46 PM Reply Like
  • healthythoughts
    , contributor
    Comments (2988) | Send Message
     
    So let them fly decrepit aircraft over your airspace? There are limits..see below

     

    "Boeing is allowed to sell spare aircraft parts to Iran – but not new planes"

     

    "The license was granted by the US Treasury Department in the context of an interim deal between world powers and Iran over its nuclear program signed in November, the spokesman added."

     

    http://bit.ly/1za1Ejh

     

    http://bit.ly/1za1GHH

     

    "He said the license covered only components needed to ensure continued safe flight operations of older Boeing planes sold to Iran before the 1979 revolution" etc

     

    old news

     

    http://abcn.ws/1za1GHL
    24 Jul 2014, 08:19 PM Reply Like
  • ecrivain
    , contributor
    Comments (19) | Send Message
     
    An Iranian Airline is prohited from flying into the US, so how would their "decrepit aircraft" be over my airspace?
    24 Jul 2014, 08:35 PM Reply Like
  • healthythoughts
    , contributor
    Comments (2988) | Send Message
     
    They are already flying to UK

     

    http://www.iranair.co.uk

     

    "While many Iranians are quick to blame their own leaders for the country’s growing isolation, almost everyone is upset over the American measures against Iran’s airlines.

     

    “I support the pressure on our leaders,” said Janet, a 54-year-old homemaker who did not want to give her full name, for fear of the authorities. “But I don’t understand why the U.S. wants to hurt us, normal people. Don’t we have the right to travel safely?”

     

    President Obama, in an interview with the Persian service of the BBC in 2010, said that he was concerned for Iranians, but that they had to blame their own leaders for the problems they faced. In 2010, his administration forced international oil companies to stop refueling Iran Air planes in Europe and Asia, which caused the cancellation of many popular routes."

     

    http://nyti.ms/WHbcEI

     

    "Although Boeing hasn't signed a final deal on specific sales to Iran, the agreement shows that major American companies are starting to benefit from a softening of relations between Iran and the West.

     

    Under a six-month deal implemented in January this year, Iran has agreed to scale down its nuclear program in exchange for sanctions relief from six world powers, That deal was extended by four months last weekend after the parties failed to reach a final settlement.

     

    U.S. medical and food companies have continued to sell to Iran under humanitarian exemptions clauses."

     

    http://on.wsj.com/WHbcEJ
    25 Jul 2014, 11:04 AM Reply Like
  • RJKRJK
    , contributor
    Comments (189) | Send Message
     
    Well I guess Boeing is now officially off of the list of stocks I am looking at. I do believe in capitalism but I don't believe in suicide or helping the enemy. I guess Boeing missed the memo about the great Satan.
    24 Jul 2014, 08:23 PM Reply Like
  • anarchist
    , contributor
    Comments (1923) | Send Message
     
    I think it was Iran that missed the "great satin" message.
    24 Jul 2014, 08:33 PM Reply Like
  • RJKRJK
    , contributor
    Comments (189) | Send Message
     
    And to "Energysystems". Just because someone does something stupid in the past, does that give someone else carte blanc to do something stupid now? I thought humans could learn from their mistakes. Silly me.
    24 Jul 2014, 08:28 PM Reply Like
  • patsullivan
    , contributor
    Comments (2) | Send Message
     
    Really? These are civilian airline parts that would make Iran Air's planes safer to fly. The relationship with Iran is changing and this is one small step toward normalization and dismantling Iran's nuclear weapons efforts. Everybody wins.
    24 Jul 2014, 09:10 PM Reply Like
  • patsullivan
    , contributor
    Comments (2) | Send Message
     
    Really? These are civilian airline parts that would make Iran Air's planes safer to fly. The relationship with Iran is changing and this is one small step toward normalization and dismantling Iran's nuclear weapons efforts. Everybody wins.
    24 Jul 2014, 09:10 PM Reply Like
  • bigorion
    , contributor
    Comments (2) | Send Message
     
    As an unsophisticated BA investor, I assume this agreement has passed muster with the State Department and all other U.S. interests, including applicable laws concerning trade with foreign countries. If that be true, power to BA and other like-minded companies. Trade begats other trade and thus enhanced earnings and associations. Let's trust Iran follows through with its promises concerning nuclear power so that there is a continuum here.
    24 Jul 2014, 09:10 PM Reply Like
  • PeteCal
    , contributor
    Comments (90) | Send Message
     
    Boeing is just doing what the State Department wants it to do.
    Obama is doing a "carrot and stick"
    Iran softened a little so the USA softens a little in return.
    I happen to disagree with the sale but there is little I can do about it. And believe the same goes for Boeing.
    25 Jul 2014, 08:39 AM Reply Like
  • mloug21978
    , contributor
    Comments (21) | Send Message
     
    Pete, Yes, you got it.
    28 Jul 2014, 11:12 AM Reply Like
  • joegillam
    , contributor
    Comments (1091) | Send Message
     
    Maybe part of a bigger deal...........Boeing and Russia run the huge titanium plant in Russia that supplies about 80% if Boeing's titanium. So.............if Boeing plays ball with Russia's amigo, Iran, then as the Ukrainian situation hardens the titanium still flows.

     

    We will be engaged with the Iranians before the end of the decade. There is just no way this will have a happy ending. They are problem numeral uno and becoming ripe for an Israeli strike where the US comes along to bail out our friend.

     

    Israel has requested $200,000,000.00 worth of advanced patriot missiles and more firing batteries for their "iron dome" defense shields. Far more than is needed to replace what has been used with the Gaza incursion.

     

    Joe In Georgia
    27 Jul 2014, 09:05 AM Reply Like
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