Boeing makes first sale to Iran since 1979 – with Obama’s OK

Boeing makes first sale to Iran since 1979 – with Obama’s OK

[Ed. – H/t Jewish Press.]

Boeing Co. said Wednesday it sold aircraft manuals, drawings, navigation charts and data to Iran Air using a license issued by the U.S. Treasury Department.

The Chicago-based company…said in a securities filing that it disclosed the sales to Iran Air as required by U.S. sanctions law. “Disclosure is required even if the activities, transactions or dealings were conducted in compliance with applicable law,” the company noted in the filing.

Boeing said it generated about $120,000 in gross revenue and $12,000 in profit from the sales, and it may engage in additional sales to Iran Air under the license.

The company said it applied for the license from the U.S. Treasury’s Office of Foreign Assets Control, using guidance issued by Washington connected to an interim nuclear deal between Iran and global powers. …

The disclosure was earlier reported by Reuters, which said it was the first acknowledged dealings between a U.S. aerospace company and Iran since 1979.

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