Boeing sells 80 airplanes to Iran Air in biggest U.S.-Iran deal since 1979

0
231
Boeing sells 80 airplanes to Iran Air

Boeing has finalized its agreement to sell 80 airplanes to Iran Air, despite staunch opposition from many lawmakers, including President-elect Donald Trump. Iran Air will be getting 50 737 airplanes and 30 777s, the first of which will be delivered in 2018. The deal was originally signed in June.

About Boeing :

The Boeing Company (also known as Boeing) is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, and satellites worldwide. The company also provides leasing and product support services. Boeing is among the largest global aircraft manufacturers; it is the second-largest defense contractor in the world based on 2015 revenue, and is the largest exporter in the United States by dollar value. Boeing stock is a component of the Dow Jones Industrial Average.

The Boeing Company’s corporate headquarters are located in Chicago and the company is currently led by President and CEO Dennis Muilenburg. Boeing is organized into five primary divisions: Boeing Commercial Airplanes (BCA); Boeing Defense, Space & Security (BDS); Engineering, Operations & Technology; Boeing Capital; and Boeing Shared Services Group.

In 2015, Boeing recorded $96.11 billion in sales, ranked 27th on the Fortune magazine “Fortune 500” list (2015), ranked 90th on the “Fortune Global 500” list (2015), and ranked 27th on the “World’s Most Admired Companies” list (2015).

In March 1910, William E. Boeing bought Heath’s shipyard in Seattle on the Duwamish River, which later became his first airplane factory. Boeing was incorporated in Seattle by William Boeing, on July 15, 1916, as “Pacific Aero Products Co”. Boeing was later incorporated in Delaware, the original Certificate of Incorporation was filed with the Secretary of State of Delaware on July 19, 1934. Boeing, who studied at Yale University, worked initially in the timber industry, where he became wealthy and learned about wooden structures. This knowledge proved invaluable in his subsequent design and assembly of airplanes. The company stayed in Seattle to take advantage of the local supply of spruce wood.

Source : CNN