Over the weekend, Boeing (BA) reportedly reached a deal where Iran will buy 100 planes. The deal had been long expected after Airbus (EADSY) signed a deal for 118 airplanes worth $27 billion. The air travel industry in Iran is in shambles as the country was unable to purchase new planes from either Airbus or Boeing. The question though is whether this order really matters much to the stock. As of June 14, Boeing only had 275 net order for the year so clearly an order for 100 planes will help investor sentiment about demand. The airplane manufacturer had 5,762 orders in backlog at the end of May so this deal has no material impact on the order book. At the end of the day, the stock remains attractively priced at 13.5x forward EPS estimates and offering a 3.4% dividend yield. Ignore all the noise about demand and buy the stock on any dips. Disclosure: No position