$16 billion milestone agreement includes widebody, single-aisle aircraft
Contract reached within terms of U.S. Government license
New orders will support nearly 100,000 U.S. jobs
Boeing and Iran Air announced an agreement today for 80 aircraft that includes 50 737 MAX 8s, 15 777-300ERs and 15 777-9s, valued at $16.6 billion at list prices.
Based on its Memorandum of Agreement (MOA) with Iran Air announced in June, the contract was reached within the terms of the U.S. Government license issued to Boeing in September.
Boeing coordinated closely with the U.S. Government throughout the process leading up to the sale and continues to follow all license requirements as it moves forward to implement the sales agreement.
Today's agreement will support tens of thousands of U.S. jobs directly associated with production and delivery of the 777-300ERs and nearly 100,000 U.S. jobs in the U.S. aerospace value stream for the full course of deliveries. The first airplanes under this agreement are scheduled for delivery in 2018.
Boeing and its more than 13,600 U.S. supplier and vendor partners across all 50 states are proud to ensure America continues to lead in global aerospace and to create jobs and opportunities in communities across the nation. Boeing's U.S. supply chain currently supports more than 1.5 million U.S. jobs.
The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The 737 MAX will be 14 percent more fuel efficient than today's most efficient Next-Generation 737s. The first 737 MAX is scheduled to enter service in 2017.
The 777-300ER is the most fuel and cost-efficient airplane in its class as well as the most reliable twin-aisle aircraft in the world. It also has the highest cargo capacity of any passenger airplane. To date customers worldwide have ordered more than 800 777-300ERs.
The 777X builds on the passenger-preferred and market-leading 777, as well as offering more market coverage and revenue capability than the competition. The 777X will include new engines, an all-new composite wing and will leverage technologies from the 787 Dreamliner. The first 777X is scheduled to enter service in 2020.
The order will be posted on Boeing's Orders & Deliveries website as contingencies are cleared.
In July 2017, the Latvian airline airBaltic carried 393 312 passengers or 21% more than in the same period of 2016. For the second month in a row it has been the biggest number of transported passenge...
An Emirates A380 superjumbo landed at Bandaranaike International Airport (BIA) Katunayake on Monday, helping Sri Lanka and the airport to achieve an aviation milestone. Sri Lanka’s...
Iran’s Development and Renovation Organization (IDRO) and Russian Helicopters Company plan to team up to assemble light Russian helicopters in the Islamic Republic, IDRO’s deputy director...
Airbus successfully tests the dispenser structure that will hold the twin satellites GRACE-FO (GRACE = Gravity Recovery and Climate Experiment, FO= Follow-On) during their launch. Once the satellites...