For nearly a year, we've waited with bated breath, wondering whether Boeing (NYSE: BA) would take the bait, or bait the Russian bear. Now we've just learned that Russian carrier Rosavia will use Boeing planes to fill out its fleet.

Back in August, we discussed Rosavia's gambit to extract price concessions from Boeing by starting a bidding war between it and archrival Airbus. Borrowing a tactic previously employed by UAL (Nasdaq: UAUA) and Ryanair (Nasdaq: RYAAY), the Russian airline holding company asked Boeing and Airbus to offer it cut-rate deals in exchange for playing a major role in the airline's fleet-building exercise. Specifically, Rosavia held out the promise of "50 firm orders for aircraft to be delivered between 2010 and 2016, plus an option for 15 more," plus the possibility of as many as 55 more plane orders being placed through 2020.

At the time, I argued that Boeing shouldn't take the bait. I thought Rosavia's stated intention of nabbing planes for under $50 million a pop meant Boeing would have to dive far below list price on its Boeing 737 offerings in order to snare the deal, crimping profit margins.

Now I'm not so sure.

When Russia hands you lemons, make lemonade
I'm still suspicious of the terms of this deal. While it's great to hear that Boeing beat Airbus to win the contract (even despite the Airbus's now-depressed-Euro prices), I still fear that the company may have sacrificed too much in profit margin to win the deal. But even if this deal turns out to be bad for Boeing, it could be very good for America, and for investors in Boeing's suppliers.

Companies from Honeywell (NYSE: HON) to United Tech (NYSE: UTX) to Spirit AeroSystems (NYSE: SPR) all supply parts for the 737. If these companies can hold the line on profit margins, there's no reason to believe that Boeing's mad dash for sales-at-any-cost would be anything but good news for them. Plus, more sales for Boeing suppliers almost certainly means more jobs for an American workforce that sorely needs them.

So while I'll reserve judgment on just how good this news is for Boeing itself, it does appear to be bad news for EADS/Airbus. Best of all, this looks like a great week to own shares of Boeing (suppliers).

Spirit AeroSystems Holdings is a Motley Fool Hidden Gems selection, but Fool contributor Rich Smith does not own shares of any company named above. Check out his latest stock recommendations on Motley Fool CAPS. The Motley Fool has a disclosure policy.