Business

September 5, 2012

Boeing to establish avionics maintenance, repair, overhaul center in Korea

Boeing has signed a memorandum of understanding with the Korean province of Gyeongsangbuk-do and the city of Yeongcheon to establish an avionics Maintenance, Repair and Overhaul facility in the region that will service avionics components for the Republic of Korea Air Force fleet of F-15K Slam Eagles.

“Boeing continues to improve its services by bringing them closer to our customers, reducing turnaround time and costs for mission-essential components,” said Joe Song, vice president of International Business Development – Asia-Pacific for Boeing Defense, Space & Security. “Over the past half century of working in partnership with the Republic of Korea, Boeing has come to know Korea’s strong infrastructure and the excellent knowledge and talent base of its people and industry. We can tap into that as we expand our presence locally and grow our operations while supporting Korea’s development objectives.”

The facility, which will be located in the Yeongcheon Industry District of Daegu-Gyeongbuk Free Economic Zone, will support the area’s Aero Techno Valley vision of a high-tech aerospace industry corridor and expanded in-country avionics capabilities. The location is close to Daegu Air Force Base and ideally suited for the Slam Eagle work as part of Boeing’s Performance-Based Logistics program.

“Partnering with a global leader like Boeing will help attract investment from local and international aerospace companies, secure government support and fuel our plans to establish an aviation-parts cluster here,” said Gyeongsangbuk-do Gov. Kim Kwan-yong. “Adding high-tech, value-added business such as avionics to the Gyeongsangbuk-do region will open new doors for local industry, create more jobs for high-skilled workers and support technological competitiveness.”

Boeing completed the on-schedule, on-cost delivery of F-15K Slam Eagles to the ROKAF in April. The company continues to support the ROKAF fleet through a long-term, affordable PBL sustainment contract. Korean supplier-partner Hyundai Glovis provides in-country logistics handling and supply chain distribution for the F-15K PBL program.

Boeing’s history of cooperation with the Republic of Korea includes productive partnerships in the commercial and defense aerospace markets. The company employs nearly 190 highly skilled workers in Seoul, Busan, Gimpo, Sacheon, Seosan and Daegu. Today, Boeing works with nearly 20 Korean companies and spent more than $250 million with them in 2011, maintaining Korea’s position in the top quartile of nations with which Boeing does business.

 




All of this week's top headlines to your email every Friday.


 
 

 

Headlines March 30, 2015

News: Pentagon chief mulls easing military enlistment standards - Defense Secretary Ash Carter is considering easing some military enlistment standards as part of a broader set of initiatives to better attract and keep quality service members and civilians across the Defense Department.   Business: Lockheed pays $2 million to settle government overbilling charges - Lockheed Martin Corpor...
 
 

News Briefs March 30, 2015

Landing mishap for military chopper; two aboard unhurt Two Navy officers were unhurt after their helicopter rolled on its side while landing in the Florida Panhandle. The mishap happened the night of March 27 at a Navy landing site in Pensacola, Fla. The Pensacola News Journal reports a pilot instructor and a student were able...
 
 
Air Force photograph by TSgt. Matt Hecht

Laser-based aircraft countermeasure provides ‘unlimited rounds’ against MANPADS

Air Force photograph by TSgt. Matt Hecht A U.S. Army AH-64 Apache attack helicopter prepares to depart Bagram Air Field, Afghanistan, on Jan 7, 2012. The Apache conducts distributed operations, precision strikes against relocat...
 

 

Navy, Air Force advocate for modernizing combat aviation

Top Navy and Air Force officials today told the House Armed Services subcommittee on tactical air and land forces the president’s budget request for fiscal year 2016 will support modernizing combat aviation programs. Cavy Vice Adm. Paul A. Grosklags, principal military deputy to the assistant secretary of the Navy for research, development and acquisitions; Air...
 
 

Raytheon wins $46 million contract for South Korean Global Hawk ground stations

Raytheon has been awarded a contract valued at up to $45.7 million by Northrop Grumman Aerospace Systems for ground segments in support of four Global Hawk unmanned aircraft systems recently purchased by the Republic of Korea. Under this contract, Raytheon will deliver one building-based and one mobile ground segment to locations in South Korea. Work...
 
 
Air Force photograph by SrA. Victor J. Caputo

McConnell community marks B-29 rollout

Air Force photograph by SrA. Victor J. Caputo A B-29 Superfortress aircraft, named Doc after its nose art, sit on the flightline March 23, 2015, in Wichita, Kan. Doc will be one of two Superfortresses in the world capable of fl...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>