NEW YORK (TheStreet) -- Shares of Boeing (BA) - Get Boeing Company Report are higher by 2.08% to $129.81 this afternoon as Congress moves to block the company's proposed deal with state-owned Iran Air.
Boeing announced in June that it would be providing the Iranian airline with 109 aircrafts. Of the total, 80 are to be sold for a list price of $17.6 billion with an additional 29 leased.
Deliveries of the jets are scheduled to begin in 2017, running through 2025.
U.S. lawmakers expressed concern on Thursday over the deal and approved two amendments to a financial services spending deal that are meant to block Boeing and Iran Air's deal.
The first will restrict the Office of Foreign Assets Control from authorizing a license for the sale and the second seeks to prevent American financial institutions from loaning money to Iran Air.
Tim Neale, a spokesman for Boeing, said that the company "can't conclude the transaction until the U.S. government has given the green light to the agreement," Bloomberg reports.
Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of B.
The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and good cash flow from operations. TheStreet Ratings feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that TheStreet Ratings evaluated.
You can view the full analysis from the report here: BA
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.