Boeing loses $20 billion dollar Iran deal

[MicroBrew]

Boeing C.E.O. Downplays Loss of $20 Billion Contract With Iran
https://www.nytimes.com/2018/05/09/us/politics/boeing-ceo-iran.html

--

Why did Trump ditch the Iran deal?

Well there is his ego and need to undo anything Obama did
But there is also the Israel lobby pushing him to wage war against Iran.
Saudis also want Trump to fight their tribal wars like Israel is doing but Saudi could never get the US to fight Iran; they just don't have the influence needed.


So how exactly is Israel an ally and benefit to the US when their manipulation of US MidEast policy ends up costing America jobs, and in the case of Iraq ,it cost Americans over 5K dead, many times that injured and 1 trillion + in expense.

--

Soo far Trump is:

Making Israel Great Again
Making Saudi Arabia Great Again

 

[Quequeg]

They didn't payoff Don the Con or the Israelis and Saudis made a higher offer.

 

[Bobby 3 Sticks]

https://www.newyorker.com/magazine/2017/03/13/donald-trumps-worst-deal

https://www.haaretz.com/us-news/tru...ni-strengthens-revolutionary-guards-1.6060562

tRUmp builds hotel working with oligarchs connected to Iranian guard. Iranian guard wants nuclear deal canceled.

 

[Seaside]

Boeing C.E.O. Downplays Loss of $20 Billion Contract With Iran
https://www.nytimes.com/2018/05/09/us/politics/boeing-ceo-iran.html

--

Why did Trump ditch the Iran deal?

Well there is his ego and need to undo anything Obama did
But there is also the Israel lobby pushing him to wage war against Iran.
Saudis also want Trump to fight their tribal wars like Israel is doing but Saudi could never get the US to fight Iran; they just don't have the influence needed.


So how exactly is Israel an ally and benefit to the US when their manipulation of US MidEast policy ends up costing America jobs, and in the case of Iraq ,it cost Americans over 5K dead, many times that injured and 1 trillion + in expense.

--

Soo far Trump is:

Making Israel Great Again
Making Saudi Arabia Great Again

Why are you americans so dumb and can never take responsibility for your own actions? There you go again blaming foreign countries. Just like half you people blame Russia etc.

http://forums.sherdog.com/threads/a...e-other-country-for-their-own-policy.3760597/

 

[zebby23]

Dont forget about Making China great again

 

[MicroBrew]

Why are you americans so dumb and can never take responsibility for your own actions? There you go again blaming foreign countries. Just like half you people blame Russia etc.

http://forums.sherdog.com/threads/a...e-other-country-for-their-own-policy.3760597/

I suppose you could say Americans were dumb to allow Israel's 5th column to infiltrate and take the reigns of American MidEast policy.

If it weren't for Israeli interests and Neocons pushing Israel first, the Iran deal would still be on the table. It was Israel and their advocates here, the Neocons, who got the US into fighting Saddam. Even Friedman at the NYTimes admitted it was the Neocons who made the war. And Friedman was an Iraq war supporter.

 

[Seaside]

I suppose you could say Americans were dumb to allow Israel's 5th column to infiltrate and take the reigns of American MidEast policy.

If it weren't for Israeli interests and Neocons pushing Israel first, the Iran deal would still be on the table. It was Israel and their advocates here, the Neocons, who got the US into fighting Saddam. Even Friedman at the NYTimes admitted it was the Neocons who made the war. And Friedman was an Iraq war supporter.

see you may be right. i dont know. but i do know that it seems too easy of scapegoat for you because i seen some of your other posts and you always blame these ´neocons´ and i agree that there views on russia and stuff is hypocritical and stupid but you blame them for everything. But what I dont get is why you seem to absolve blame from the collective large majority of americans who vote republican that put these people into power. There has to be more widespread support for this stuff then you think. also who is friedman? that name could mean so many different people.

 

[ookii]

Its not too late for Boeing to contact Michael Cohen and send quarterly payments to him

 

[MicroBrew]

see you may be right. i dont know. but i do know that it seems too easy of scapegoat for you because i seen some of your other posts and you always blame these ´neocons´ and i agree that there views on russia and stuff is hypocritical and stupid but you blame them for everything. But what I dont get is why you seem to absolve blame from the collective large majority of americans who vote republican that put these people into power. There has to be more widespread support for this stuff then you think. also who is friedman? that name could mean so many different people.

I blame them for specific foreign policy decisions, like the Iraq war, the anti Russian phobia they have and the US relationship with Iran and Israel. I don't blame them for what the US does with China or NK.

 

[Arkain2K]

Nonsense.

Unlike Airbus, Boeing didn't lose shit. The cancellation of the Iran nuke deal is a huge win for them, at least to any financial analysts with a functional brain.

And ofcourse Boeing would see this financial loss as a nothingburger, consider that the so-called "$20 Billion deal" doesn't actually exists. Boeing's financials has never considered IranAir's "$20 billion deal" a real purchase order in the first place, given the fact that IranAir has yet to find enough financing to even pay for the required downpayment deposit to finalize the deal.

Having said that, let's look at the key facts surrounding this non-deal:

Boeing had not committed to any production slots for the planes the company had planned to build for Iran

Boeing agreed to sell 80 passenger jets to Iran Air for about $17 billion in 2016, but it never began building the planes or factored them in as future revenue

Tensions in the Middle East inflate demand for the fighter jets, attack helicopters, bombs and missiles that Boeing produces. Saudi Arabia and Israel are both major operators of the F-15 fighter jet, and Boeing won a $6.2 billion order for the jets from Qatar in December. Kuwait recently completed a deal to buy more than two dozen of Boeing’s Super Hornet jets.

“It is now a better market for arms sales, period,” Mr. Aboulafia said. It’s also possible that nixing the deal pushes up oil prices, padding coffers in countries like Saudi Arabia, Qatar and Kuwait. “Higher fuel prices could mean more buying power for Middle Eastern customers,” he said.

Boeing’s stock price had risen by more than a percentage point by midday Wednesday.

​

Which begs the question: how many rubes in this circle-jerk is capable of reading AND comprehending the article in the OP, as they laments for poor little Boeing and their hypothetical "financial loss" that doesn't even exists on paper, while completely oblivious to the windfall that Boeing Defense, Space & Security arm, a huge part of the American Military Industrial Complex, is about to reap from all the weapons of war that ARE being assembled on Boeing's production lines, earmarked to be sent to current and future customers in the Middle East thanks to the collapse of the Iran nuke deal?

And yes, THOSE weapons purchase orders are actually real and properly recorded in Boeing's financials.

As far as barking up the wrong tree goes, people crying for Boeing's "loss" are about as intelligent as the people who lamented for the U.S' "suffering" when Saudi Arabia and Russia reduce their daily crude oil outputs, while completely oblivious to the fact that thanks to OPEC's shenanigans, the U.S is on track to become the world's #1 exporter of crude and oil products.

 

[JonesBones]

Trump has fucked Boeing over so hard in recent months. lol. Glad I sold that stock.

 

[MicroBrew]

Nonsense. Boeing didn't lose shit. This is a huge win for them, at least for anyone with a functional brain.

Boeing had not committed to any production slots for the planes the company had planned to build for Iran, given there was a chance the United States would pull out of the 2015 pact.

Mr. Muilenburg spoke a day after the administration said Boeing would see its $20 billion contract to supply aircraft to Iran terminated because of the United States’ withdrawal from the nuclear deal, thus restoring stringent sanctions it had imposed previously. Boeing’s rival, Airbus, will also lose its license to sell to Iran, administration officials said.

“Under the original deal, there were waivers for commercial aircrafts, parts and services, and the existing licenses will be revoked,” the Treasury secretary, Steven Mnuchin, said on Tuesday, in reference to Boeing and Airbus. “The licenses are coming down. The objective is to put and maintain maximum sanctions on Iran; that is the objective here.”

The announcement means Boeing will lose out on a lucrative new market for jetliners, but the move will likely cost the company less than it will Airbus. Boeing agreed to sell 80 passenger jets to Iran Air for about $17 billion in 2016, but it never began building the planes or factored them in as future revenue. Airbus, on the other hand, already sent Iran three planes and booked the $19 billion Iran Air order for 100 new planes as a part of its backlog.

“Boeing played it a lot more conservatively than Airbus,” said Richard Aboulafia, vice president of analysis at Teal Group Corporation, a consulting firm in Fairfax, Va.

Scrapping the Iran deal may end up boosting Boeing, analysts said, as tensions in the Middle East inflate demand for the fighter jets, attack helicopters, bombs and missiles that Boeing produces. Saudi Arabia and Israel are both major operators of the F-15 fighter jet, and Boeing won a $6.2 billion order for the jets from Qatar in December. Kuwait recently completed a deal to buy more than two dozen of Boeing’s Super Hornet jets.

“It is now a better market for arms sales, period,” Mr. Aboulafia said. It’s also possible that nixing the deal pushes up oil prices, padding coffers in countries like Saudi Arabia, Qatar and Kuwait. “Higher fuel prices could mean more buying power for Middle Eastern customers,” he said.

Investors seemed to be buying that more optimistic assessment on Wednesday. After dipping late Tuesday on the Iran news, Boeing’s stock price had risen by more than a percentage point by midday Wednesday.
​

Which begs the question: how many people in this circle-jerk is capable of reading AND comprehending the article in the OP, as they laments for "Boeing's loss"??

That article does not validate your opinion. It only states that Boeing had not started building the planes , because Boeing had a feeling Trump might scrap the Iran deal, which meant Boeing would lose their deal.

So even the article states that it is because of Trump's stated opposition to the deal and it finally being scuttled that Boeing has lost out. If Trump hadn't pulled out of the deal, Boeing would be building those planes.

Here's more popular media saying Boeing lost the deal because of Trump pulling out of the Iran deal.
So all these media are also wrong?

Boeing, Airbus to lose $39 billion in contracts because of Trump sanctions on Iran.
https://www.washingtonpost.com/busi...ory.html?noredirect=on&utm_term=.53f96f0dc3c4

Boeing’s $20bn Iran contracts frozen by sanctions
https://www.ft.com/content/539b7e24-5318-11e8-b3ee-41e0209208ec

Boeing to lose $20B as Trump withdraws from Iran pact: report
http://thehill.com/homenews/adminis...-20-billion-as-trump-withdraws-from-iran-pact

Trump Administration Orders Boeing To Cancel Deal With Iran

 

[PolishHeadlock]

https://www.newyorker.com/magazine/2017/03/13/donald-trumps-worst-deal

https://www.haaretz.com/us-news/tru...ni-strengthens-revolutionary-guards-1.6060562

tRUmp builds hotel working with oligarchs connected to Iranian guard. Iranian guard wants nuclear deal canceled.

Now that's interesting

 

[vengeful]

Nonsense.

Unlike Airbus, Boeing didn't lose shit. This is a huge win for them, at least for anyone with a functional brain. And ofcourse Boeing would downplay this financial loss, consider that it doesn't actually exists, not even on financial papers.

Let's look at the key facts:

Boeing had not committed to any production slots for the planes the company had planned to build for Iran, given there was a chance the United States would pull out of the 2015 pact.

Boeing agreed to sell 80 passenger jets to Iran Air for about $17 billion in 2016, but it never began building the planes or factored them in as future revenue.

Scrapping the Iran deal may end up boosting Boeing, analysts said, as tensions in the Middle East inflate demand for the fighter jets, attack helicopters, bombs and missiles that Boeing produces. Saudi Arabia and Israel are both major operators of the F-15 fighter jet, and Boeing won a $6.2 billion order for the jets from Qatar in December. Kuwait recently completed a deal to buy more than two dozen of Boeing’s Super Hornet jets.

“It is now a better market for arms sales, period,” Mr. Aboulafia said. It’s also possible that nixing the deal pushes up oil prices, padding coffers in countries like Saudi Arabia, Qatar and Kuwait. “Higher fuel prices could mean more buying power for Middle Eastern customers,” he said.

Investors seemed to be buying that more optimistic assessment on Wednesday. After dipping late Tuesday on the Iran news, Boeing’s stock price had risen by more than a percentage point by midday Wednesday.
​

Which begs the question: how many rubes in this circle-jerk is capable of reading AND comprehending the article in the OP, as they laments for poor little Boeing and their hypothetical "loss" that doesn't even exists on paper, while completely oblivious to the fact that Boeing Defense, Space & Security arm, a huge part of the American Military Industrial Complex, is about to reap billions from all the jet fighters and bombs that ARE being assembled on Boeing's production lines, earmarked to be sent to current and future customers in the Middle East thanks to the collapse of the Iran deal?

As far as "barking up the wrong tree" goes, this is about as dumb as lamenting that the the U.S would somehow suffer when Saudi Arabia and Russia reduce their daily crude oil outputs, while completely oblivious to the fact that thanks to OPEC's shenanigans, the U.S is about to become the world's #1 exporter of crude and oil products.

Because they will probably get more contracts for defense related items that somehow means they're gaining by not also having the 20 billion Iran deal?

 

[vengeful]

That article does not validate your opinion. It only states that Boeing had not started building the planes , because Boeing had a feeling Trump might scrap the Iran deal, which meant Boeing would lose their deal.

So even the article states that it is because of Trump's stated opposition to the deal and it finally being scuttled that Boeing has lost out. If Trump hadn't pulled out of the deal, Boeing would be building those planes.

Here's more popular media saying Boeing lost the deal because of Trump pulling out of the Iran deal.
So all these media are also wrong?

Boeing, Airbus to lose $39 billion in contracts because of Trump sanctions on Iran.
https://www.washingtonpost.com/busi...ory.html?noredirect=on&utm_term=.53f96f0dc3c4

Boeing’s $20bn Iran contracts frozen by sanctions
https://www.ft.com/content/539b7e24-5318-11e8-b3ee-41e0209208ec

Boeing to lose $20B as Trump withdraws from Iran pact: report
http://thehill.com/homenews/adminis...-20-billion-as-trump-withdraws-from-iran-pact

Trump Administration Orders Boeing To Cancel Deal With Iran

I believe he's contending that because Boeing isn't supplying Iran with the 20bn for planes that Boeing will likely benefit because of the increased military tensions in the region and would be supplying weapons to those other countries (Israel, Saudi Arabia) and would more than make up for that loss of revenue.

 

[MadSquabbles500]

But surely Jews own many shares of Boeing. Or maybe they shorted it a while ago.

 

[MicroBrew]

I believe he's contending that because Boeing isn't supplying Iran with the 20bn for planes that Boeing will likely benefit because of the increased military tensions in the region and would be supplying weapons to those other countries (Israel, Saudi Arabia) and would more than make up for that loss of revenue.

All I got from his post is that Boeing wasn't losing anything since they didn't build any planes and had plans in place. But that is only because of Trump's threats against the Iran nuke deal.

 

[MadSquabbles500]

I believe he's contending that because Boeing isn't supplying Iran with the 20bn for planes that Boeing will likely benefit because of the increased military tensions in the region and would be supplying weapons to those other countries (Israel, Saudi Arabia) and would more than make up for that loss of revenue.

If we do go to war, and I hope we don't, Boeing will profit, while America suffers.

But knowing our politicians, and Trump promise of increased MIC expenditure anyways, Boeing is still and was always going to make money on that side of the business. There is no need to really include that aspect when discussing Boeing losing out on a chance to sell planes of peace. This kind of sale also helps to steer all sides in the direction of peaceful existence. That sale could have been a gain for everyone, not just Boeing.

 

[Arkain2K]

Because they will probably get more contracts for defense related items that somehow means they're gaining by not also having the 20 billion Iran deal?

I'm saying that as far as Boeing is concerned, that "20 billion Iran deal" wasn't real in the first place, and they were fully expecting the profits that will rolls in when the nuclear deal collapse.

Why cry for Boeing, when they are probably busting out their champagne as we speak?

The fact that Boeing never even bothered to input this hypothetical "20 billion sale to Iran" in any of their production forecasts and revenue projections, nor did they actually have any plans to procure any raw materials or assign any part of their production lines to accomodate Iran's order at all, while all current AND future weapon sales to other Middle Eastern countries ARE dutily noted in the books and are part of Boeing's production/revenue forecasts, speaks volume about the immaterial nature of this deal (and the hypothetical financial loss) as Boeing sees it from the start.

Accounting wise, we can't even call this a lost opportunity, as Boeing successfully parleyed something that they know isn't real to get Iran's enemies into buying even more shit from them, with larger quantities at a faster rate. It's a worthless napkin contract that brought in real money from other people.

Oh, and I'm just throwing this well-known fact out there: Boeing's passenger jets business is doing so well, they currently have a huge official backlog of 6,000 jets on orders for $486 Billions. That backlog currently doesn't even include the jets that Iran want to buy.

When the Iran nuclear deal collapse, Boeing didn't really lose anything and have everything to gain in the foreseeable future. On the other hand, Airbus is the one being shafted as their business contingent on the nuclear deal is crumbling to pieces, the passenger jets they ARE building for Iran is fucked, because even if Europe doesn't impose sanction on Iran, Airbus planes can't fly without U.S-made components.

You people would be better off talking about how much Airbus is actually losing, as their business deal with Iran is actually real and now in jeopardy. But then the WR's financial wizards would prefer to cry for poor little Boeing and their incoming billions in profits instead of the real loser in Airbus, for God knows why.

 

[Son of Jamin]

I’m Boeing the withdrawal from the Iran deal!