Boeing First Loser If Trump Leaves JCPOA: Analyst

If US President Donald Trump scraps the 2015 nuclear deal between Tehran and world powers, the first loser may be US aircraft maker Boeing, an analyst said.

“If Boeing isn’t able to deliver the airplanes to Iran, it probably would have some impact on the stock,” said Cowen aerospace analyst Cai von Rumohr, CNBC reported.

The US aircraft maker has an agreement to sell 80 new planes to Iran Air and another 30 to Iranian carrier Aseman. The total value of those deals is about $20 billion dollars.

“This could be a bigger issue for 2019 than for 2018,” he added apparently referring to this issue that Boeing has sold just 90 percent of its 2019 inventory, meaning it could get stuck with extra planes.

Trump’s team now faces an Oct. 15 deadline to tell Congress whether it will continue to certify that Iran is compliance with the deal. If Trump refuses to certify, Congress will have 60 days to decide whether to re-impose US sanctions on Iran.

Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) reached the 159-page nuclear agreement in July 2015 and implemented it in January 2016.

Since the historic deal was signed in Vienna, the International Atomic Energy Agency (IAEA) has repeatedly confirmed the Islamic Republic’s compliance with its commitments under the JCPOA, but some other parties, especially the US, have failed to live up to their undertakings.

(Source: Tasnim, under Creative Commons licence)

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