Boeing to Make Billions from New Deal with This Islamic Regime

U.S. plane manufacturer Boeing has signed an agreement to sell aircraft to Iran. This would be the Islamic regime's first major deal with a U.S. company since last year's controversial nuclear deal.

An Iranian official has suggested the deal could be worth up to $25 billion.

Boeing says the U.S. government authorized the agreement because, "Iran had met its obligations under the nuclear accord."

Some observers dispute that claim, arguing Iran has violated the deal with missile tests. Since the nuclear agreement, the Islamic Republic has launched ballistic missiles, launched rockets near U.S. warships in the Persian Gulf, and briefly captured and humiliated 10 American sailors.

With murky conditions still surrounding U.S.-Iran relations, Boeing says it will comply with any decisions by the U.S. government.

"Boeing will continue to follow the lead of the U.S. government with regards to working with Iran's airlines, and any and all contracts with Iran's airlines will be contingent upon U.S. government approval," the company said in a statement.

The head of Iran's Civil Aviation Organization has been quoted by the state-run Iran newspaper as saying the sale would involve 100 Boeing aircraft, something the manufacturer has declined to discuss.

Boeing has been cautious about entering Iran's market as other sanctions remain in place against Tehran.

American officials had said as recently as last weekend that the sale would need permission from the U.S. Treasury. It's unclear what changed in the last few days.

The Associated Press reports it is likely Boeing may run the sale through an overseas subsidiary and use a currency other than U.S. dollars in order to avoid running afoul of American laws.