Boeing secures agreement to sell aircraft parts to Iran

|About: The Boeing Company (BA)|By:, SA News Editor

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.