Aviation

Boeing, U.S. Air Force Extend C-17 Sustainment Partnership with Phased Contract Valued at Up To $23.8 Billion

– Performance-based logistics agreement reduces support costs while adding work scope

– Boeing supports global fleet of 275 aircraft operated by the U.S. Air Force and eight global partners

LONG BEACH, Calif., Sept. 29, 2021 /PRNewswire/ — Boeing (NYSE: BA) will continue assuring the C-17 Globemaster III’s worldwide mission readiness through a follow-on contract awarded by the U.S. Department of Defense, valued at up to $23.8 billion including potential options and incentives over ten years. The program is currently funded through September 2024 with a Phase I award of $3.5 billion.

Under the agreement, Boeing will continue performing critical sustainment activities, including engineering, field support, and material management, for the global fleet of 275 aircraft. The contract provides additional funding for new work scope such as international staffing to augment maintenance efforts and cyber security work statement.

Boeing has been under contract for PBL support of the C-17 fleet since 1998. This new $3.5 billion Phase I award is expected to be ordered by the Air Force through 2024. Under a PBL arrangement, a customer receives an agreed-to level of system readiness, as opposed to a traditional contract for specific spare parts and support services. This integrated logistics approach has allowed Boeing to apply innovative tools to maximize aircraft availability while lowering costs.

The global C-17 fleet boasts best-in-class aircraft availability rates while operating as the strategic airlift workhorse for the U.S. Air Force and global partners. In January 2020, the C-17 fleet became one of the fastest to achieve four million flight hours. The United States, Australia, Canada, India, Kuwait, Qatar, the United Arab Emirates, the United Kingdom, and the 12-nation Strategic Airlift Capability all operate the C-17 Globemaster III.

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As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future and living the company’s core values of safety, quality and integrity. Learn more at www.boeing.com.

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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.”