Business

US exit from Iran nuclear deal may jeopardize billions in jet sales

By Joe Williams
Published May 7, 2018 5:01pm ET
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US exit from Iran nuclear deal may jeopardize billions in jet sales
FILE -- In this March 7, 2017 file photo, the first of the large Boeing 737 MAX 9 models, Boeing's newest commercial airplane, sits outside its production plant, in Renton, Wash. Boeing Co. announced Tuesday, April 4, 2017 that it has signed a new, $3 billion deal with Iran's Aseman Airlines for 30 Boeing 737 MAX aircraft. Chicago-based Boeing said the deal includes purchase rights for an additional 30 737 MAX aircraft. | (Elaine Thompson/AP)

A potential U.S. withdrawal from the Iran nuclear pact jeopardize billions of dollars in airplane sales.

President Trump is facing a May 12 deadline to decide whether to continue to lift sanctions on Iran, a key part of the Joint Comprehensive Plan of Action that allowed more international companies to do business in the country. Trump has publicly attacked the terms of the pact negotiated by former President Barack Obama and previously suggested he is prepared to exit the accord.

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