December 2016: Boeing Lands Biggest U.S.-Iran Deal Since 1979

Updated February 11, 2017 | Infoplease Staff

U.S. News | Disasters & Science News

Here's a slideshow depicting the major world news events of December 2016.

Boeing Lands Biggest U.S.-Iran Deal Since 1979
Image of Iran Air airplane
On Dec. 11, 2016, the airplane manufacturing company Boeing agrees to sell 80 aircraft to Iran Air for $16.6 billion. Boeing will give Iran Air 50 737s and 30 777s. This is the largest business deal between a United States company and an Iranian company since the 1979 revolution, when sanctions were placed on Iran. The deal is made possible by the Obama Administration, which lifted the economic sanctions on Iran in September. Part of the deal are promises by Iran to curtail its nuclear programs and not use the planes for military use. Iran Air is trying to modernize its outdated air fleet, which is dangerously behind in safety and technology.
Photo source: AP Photo/Vahid Salemi, File
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