Karup, Denmark, April 28,2009 - The Boeing Company [NYSE: BA] and civil
defense and aerospace company Danish Aerotech today signed a Memorandum of
Understanding (MOU) that outlines opportunities for Danish Aerotech to provide select
F/A-18E/F Super Hornet logistics support capabilities. If the Royal Danish Air Force
names the Super Hornet as its New Combat Aircraft, Boeing and Danish Aerotech could
partner in a Performance Based Logistics (PBL) program for long-term support of the
strike fighter aircraft and other platforms.
"This MOU is of high value to our company," said Danish Aerotech CEO SeJren
E. Petersen. "With its wide scope of business in the defense industry and as a leading
manufacturer of civilian and military aircraft, Boeing is an extremely attractive partner for
Danish Aerotech. We look forward to further developing our core capabilities and jointly
working with Boeing on new areas of support that are of strategic, long-term value to
Danish Aerotech, as well as providing a considerable boost to revenue and
employment."
Boeing and Danish Aerotech may also pursue opportunities related to training;
PBL contracting; maintenance, repair and overhaul; and build-to-print activities
across Boeing's portfolio of programs for some of the world's most advanced military
ai rcraft and rotorcraft.
"Boeing has long been an innovator in Performance Based Logistics, and
leveraging Danish Aerotech's expertise in aircraft and component maintenance and
repair could further boost our strength in delivering mission readiness to our customers,"
said Tom Bell, vice president of Business Development for Boeing Military Aircraft.
Boeing instituted the PBL model a decade ago to address maintenance and
repair support as a total integrated task. PBL contracts allow the customer to
comprehensively purchase a set level of readiness instead of paying for parts or
services on a more expensive transactional basis. The PBL approach continually
improves the cost-effectiveness of logistics products and services.
News Release
Danish Aerotech is a civil defense and aerospace company specializing in the
development, production, installation and support of mechanical, electrical and
electronic parts and components for aircraft, helicopters, missiles and targeting
systems, as well as maintenance, modifications and integration of aircraft, missiles and
associated components.
A unit of The Boeing Company, Boeing is one of the
world's largest space and defense businesses specializing in innovative and
capabilities-driven customer solutions, and the world's largest and most versatile
manufacturer of military aircraft. Headquartered in St. Louis, Boeing Integrated Defense
Systems is a $32 billion business with 70,000 employees worldwide.