NEW YORK (TheStreet) -- Shares of Boeing (BA) - Get Report are climbing by 2.26% to $130.26 in early afternoon trading on Monday, as Iranair is discussing a historic aircraft purchase with the company, Reuters reports.

The deal could possibly match an order for more than 100 jets from Airbus (EADSY).

But obstacles to both deals need to be resolved so that last year's agreement to lift sanctions can be honored, Iranair's chairman Farhad Parvaresh told Reuters.

The Iranian carrier is also talking to Boeing about providing support for its aging fleet after a deal between Tehran and six major powers to alleviate economic sanctions in return for reductions on Iran's nuclear activities.

"Meetings and negotiations are going on. We hope that in the future we can reach an understanding with each other," Parvaresh said.

"The number and type of aircraft have to be discussed in the future, but the first step is to have a mutual understanding," he added.

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In January, Iranair agreed to purchase 118 jets from Airbus, worth $27 billion at list prices. The deal was conditional on U.S. export licenses due to the number of U.S.-built parts, Reuters noted.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on Boeing stock.

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.

The team believes its strengths outweigh the fact that the company has had generally high debt management risk by most measures that were evaluated.

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.

You can view the full analysis from the report here: BA

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