• $16 billion milestone agreement includes widebody, single-aisle aircraft
  • Contract reached within terms of U.S. Government license
  • New orders will support nearly 100,000 U.S. jobs

Seattle, WA | December 11, 2016– Boeing [NYSE: BA] and Iran Air announced an agreement today for 80 aircraft that includes 50 737 MAX 8s, 15 777-300ERs and 15 777-9s, valued at $16.6 billion at list prices.

Based on its Memorandum of Agreement (MOA) with Iran Air announced in June, the contract was reached within the terms of the U.S. Government license issued to Boeing in September.

Boeing coordinated closely with the U.S. Government throughout the process leading up to the sale and continues to follow all license requirements as it moves forward to implement the sales agreement.

Today’s agreement will support tens of thousands of U.S. jobs directly associated with production and delivery of the 777-300ERs and nearly 100,000 U.S. jobs in the U.S. aerospace value stream for the full course of deliveries. The first airplanes under this agreement are scheduled for delivery in 2018.

Boeing and its more than 13,600 U.S. supplier and vendor partners across all 50 states are proud to ensure America continues to lead in global aerospace and to create jobs and opportunities in communities across the nation. Boeing’s U.S. supply chain currently supports more than 1.5 million U.S. jobs.

The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The 737 MAX will be 14 percent more fuel efficient than today’s most efficient Next-Generation 737s. The first 737 MAX is scheduled to enter service in 2017.

The 777-300ER is the most fuel and cost-efficient airplane in its class as well as the most reliable twin-aisle aircraft in the world. It also has the highest cargo capacity of any passenger airplane. To date customers worldwide have ordered more than 800 777-300ERs.

The 777X builds on the passenger-preferred and market-leading 777, as well as offering more market coverage and revenue capability than the competition. The 777X will include new engines, an all-new composite wing and will leverage technologies from the 787 Dreamliner. The first 777X is scheduled to enter service in 2020.

The order will be posted on Boeing’s Orders & Deliveries website as contingencies are cleared.

  • Milestone establishes basic airplane design; program on track for first delivery in 2020

Everett, WA | August 27, 2015– Boeing (NYSE: BA) announced today the completion of the firm configuration milestone for the 777-9, the first member of the 777X family to be developed.

The Boeing 777X team reached this significant design milestone after working closely with airline customers and key suppliers to optimize the configuration of the new airplane.

The 777X family includes the 777-8 and the 777-9 – both designed to respond to market needs and customer preferences. The 777-8 and 777-9 provide significant range, payload and fuel burn advantages compared to the A350.

“It’s great to see the airlines and industry team side-by-side with us as we achieve this important milestone,” said Bob Feldmann, vice president and general manager of the 777X program, Boeing Commercial Airplanes. “The team has followed a disciplined process to complete all of the requirements for this stage of the program.”

The firm configuration milestone marks the completion of configuration trade studies required to finalize the airplane’s capability and basic design. Wind tunnel test results, aerodynamic performance and structural loads are also evaluated to ensure the airplane meets requirements. This allows the 777X team to begin detailed design of parts, assemblies and other systems for the airplane. As detailed designs are completed and released, production can begin.

“The program is right where we want it to be,” added Feldmann. “We have an airplane and production system that are on track and on schedule, and we remain laser focused on meeting our commitments to our customers.”

The 777X will be the largest and most efficient twin-engine jet in the world, with 12 percent lower fuel consumption and 10 percent lower operating costs than the competition. In addition, the 777X will bring cabin innovations and improved levels of passenger comfort.

The 777X program has received orders and commitments for 320 airplanes from six customers worldwide. Production is set to begin in 2017.

To view the latest Innovation video, click here: http://www.boeing.com/innovation/#/the-wing-is-the-thing