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Boeing Chinook Contract Includes $66M Reinvestment in Canada's West Region

DELTA, British Columbia, Sept. 24, 2009 – The Boeing Company [NYSE: BA] announced today that it will provide contracts worth more than US$66 million to companies in Canada’s West Region. The announcement follows the Canadian government's order in August for 15 new CH-47F Chinook heavy-lift helicopters, to be designated CH-147 in Canada.

In line with Canada's Industrial & Regional Benefits policy, Boeing will match every dollar spent by the Canadian government in acquiring its CH-147 fleet by partnering with and issuing contracts to companies in Canada.

"The CH-147 contract is a win for Canadian industry as well as for Boeing," said Patricia Warren, regional director of Industrial Participation programs in Europe, Israel and the Americas for Boeing Integrated Defense Systems. "Boeing seeks to work with the very best of industry, as our history of partnership in Canada shows. Working with more than 100 companies throughout western Canada has helped make the country one of Boeing’s largest international supplier bases.

"This contract continues that tradition with new opportunities for Canadian industry, including our partners here in the West Region, and will result in long-term, high-value jobs for Canadians," Warren added.

To date, Boeing has identified direct and indirect work packages and investments with several partners based in the West Region, including:

Boeing also announced today work packages and investments for other regions tied to the CH-147 acquisition Industrial & Regional Benefits program. Along with the total $1.15 billion Boeing will reinvest across Canada as part of the delivery contract, Boeing could provide industry benefits in excess of $2 billion over 20 years for potential in-service support of the CH-147 fleet.

The Canadian CH-147s will be produced at the Boeing facility in Ridley Township, Pa., with deliveries expected between 2013 and 2014.

A unit of The Boeing Company, Boeing Integrated Defense Systems 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.

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Contact Information:
Amy Horton
BDS Communications, Industrial Participation
Office: +1 314-233-4368
Mobile: +1 314-705-0283
amy.e.horton@boeing.com