
BAGHDAD, April 2 (UPI) -- Iraq announced two high-priced deals with U.S. and Canadian aircraft manufacturers to buy several new aircraft.
The spokesman for the Iraqi government, Ali al-Dabbagh, said the Iraqi government signed a $5.5 billion deal with U.S.-based Boeing to purchase 40 new airplanes with an option to buy 15 more, Voices of Iraq reported.
Dabbagh noted the government reached a smaller $400 million deal with the Canadian manufacturer, Bombardier, to buy 10 passenger planes.
Delivery of the planes starts this year, Dabbagh said, and would continue through 2019.
The Iraqi government initiated a $5 billion spending measure to boost reconstruction and investment projects in the country.
"The funding for the ... budget was earned from the rise in raw oil prices in the global markets," the spokesman said.
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MIAMI, May 26 (UPI) --
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