Boeing, which had previously penned contracts to provide $20 million of aircraft to Iran, announced Wednesday that it will no longer do business with the country.
Boeing forfeited the contracts due to the United States’ withdrawal from the Iran nuclear deal, Daily Wire reports:
“As a result of President Trump’s decision last month to pull the United States out of the disastrous nuclear deal, Boeing announced it will not deliver aircraft to Iran. A Boeing spokesman stated, ‘We have not delivered any aircraft to Iran, and given we no longer have a license to sell to Iran at this time, we will not be delivering any aircraft. We did not factor the Iran orders into our order backlog either.’
Boeing is not alone, since General Electric recently announced it would stop doing business with the Iranian regime because of “recent changes in U.S. law”:
“In late May, The Wall Street Journal reported that General Electric was planning to end sales of oil and natural-gas equipment to Iran later this year. A GE spokeswoman asserted, ‘We are adapting our activities in Iran as necessary to conform with recent changes in U.S. law. GE’s activities in Iran to date have been limited and in compliance with U.S. government rules, licenses and policies.’”