Boeing, Iran Air sign MOA for 80 aircraft

Boeing (NYSE: BA) and Iran Air have signed a memorandum of agreement (MOA) today for 80 aircraft that includes 50 737 MAX 8s, 15 777-300ERs and 15 777-9s, valued at USD16.6 billion at list prices, the companies said.

Based on the agreement with Iran Air announced in June, the contract was reached within the terms of the US government license issued to Boeing in September. Boeing coordinated closely with the US 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.

The agreement will support approximately 100,000 US jobs directly associated with production and delivery of the 777-300ERs. The first airplanes under this agreement are scheduled for delivery in 2018.