Aviation

Boeing, Mitsubishi Heavy Industries Reach Agreement on Cost Reduction for 787 Production

SEATTLE, Oct. 23, 2017 /PRNewswire/ — Boeing [NYSE:BA] and Mitsubishi Heavy Industries, Ltd. (MHI) today announced an agreement to strengthen collaboration in ways that will enhance both companies’ competitiveness. The agreement includes efforts to reduce costs in MHI production of wings for the 787 Dreamliner and joint studies of advanced aerostructure technologies for future-generation commercial aircraft.

MHI manufactures 787 composite wings at its factory in Nagoya. The agreement aims to enable sales by pursuing increased efficiency in MHI’s production system and its supply chain through lean production methods, automation and other activities.

“This agreement advances the strong relationship between Boeing and MHI through joint efforts to reduce cost and improve efficiency, with a focus on MHI’s production for the 787 Dreamliner,” said Boeing Commercial Airplanes President and CEO Kevin McAllister. “Collaboration with suppliers is at the heart of our Partnering for Success efforts, positioning our companies to win in today’s competitive marketplace and look ahead to future opportunities.”

“We are delighted to be enhancing the competitiveness of our commercial aircraft business with this agreement,” said Shunichi Miyanaga, President and CEO of Mitsubishi Heavy Industries. “We have built our partnership with Boeing over more than 40 years, collaborating on various aircraft programs including the 737, 747, 767, 777, 787 Dreamliner and state-of-the-art 777X and look forward to cooperating to explore future opportunities.”

MHI’s work statement for Boeing Commercial Airplanes also includes fuselage sections for the 767, 777 and 777X programs. In total, about 150 Japanese companies are suppliers to Boeing across its commercial and defense product lines. Boeing procures approximately $5 billion worth of goods and services from Japan every year, and Boeing-related work supports tens of thousands of highly skilled aerospace jobs in the United States and Japan.

Related Topics:Boeing Mitsubishi Heavy Industries

Aviation

Boeing, Antonov to Collaborate on Defense Projects

– MOU represents Boeing’s commitment to work with Ukrainian industry

– Includes exploring opportunities for collaborating on in-country support of Unmanned Aerial Systems

A Memorandum of Understanding was signed today by Boeing and Antonov Company to investigate potential collaboration on defense-related projects.

“We’re happy to keep collaborating with the Antonov Company to help Ukraine’s economic development and expansion,” stated Ted Colbert, CEO and president of Boeing Defence, Space, & Security.

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“This agreement demonstrates our ongoing efforts to find more opportunities to work with Ukrainian industry, which was underscored by our signing of the Ukrainian Defence Industry Compact earlier this year.”

The areas of potential collaboration identified in the agreement consist of training, logistical support and overhaul services for tactical Unmanned Aerial Systems utilized by the Ukrainian Armed Forces, which includes the ScanEagle. In addition, the companies will also explore opportunities for Antonov to provide engineering support to Boeing.

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“A strong, innovative, and efficient defense industry is key to sustainable economic development and national security, and we are extremely excited to collaborate with Boeing,” said Ievhen Gavrylov, CEO of Antonov Company.

This agreement brings a whole new level of opportunity to implement the latest and most effective solutions – in addition to the possibility of future projects with Boeing in the aerospace and defense industry.”