Buy Boeing Loses Big With Iran Decision

The Boeing Company (BA) is the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training. Boeing has a long tradition of aerospace leadership and innovation. The company continues to expand its product line and services to meet emerging customer needs. Its broad range of capabilities includes creating new, more efficient members of its commercial airplane family; designing, building and integrating military platforms and defense systems; creating advanced technology solutions; and arranging innovative financing and service options for customers.

We have yet another controversial policy decision out of DC today, and once more--as we saw with the recent moves on tariffs, this decision may negatively impact key portions of the US industrial-manufacturing base.

The latest controversy concerns the suspended Iranian nuclear research program and the decision to unilaterally break the terms of the JCPOA (Joint Comprehensive Plan of Action) and pull out of the deal. Despite the fact that all inspectors, foreign allies, and US intelligence agencies argued that Iran was in compliance with the deal as negotiated, the White House decided to drop out and re-implement a variety of sanctions on Iran. The WH announced this much-anticipated --but not surprising--decision yesterday afternoon.

It is too soon to tell how this will affect key international partnerships like the relationship between the US and key allies such as Britain, France, and Germany. The leaders of those countries are protesting the decision and issued a statement noting that

It is with regret and concern that we, the leaders of France, Germany and the United Kingdom, take note of President Trump’s decision to withdraw the United States of America from the Joint Comprehensive Plan of Action. Together, we emphasize our continuing commitment to the JCPOA. This agreement remains important for our shared security.

We recall that the JCPOA was unanimously endorsed by the UN Security Council in resolution 2231. This resolution remains the binding international legal framework for the resolution of the dispute about the Iranian nuclear program. We urge all sides to remain committed to its full implementation and to act in a spirit of responsibility.

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