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 2, 2015

News: Israel lobbies for more missile defense funds than Obama sought - For the second consecutive year, Israeli officials have asked the U.S. Congress to add more than $300 million to President Barack Obama’s budget request for their nation’s missile-defense programs.   Business: Inside one of the most intense, and unusual, Pentagon contracting wars - The much-anticipated...
 
 

News Briefs March 2, 2015

Italy resumes Navy exercise amid new tensions over Libya The Italian Navy is resuming exercises in the Mediterranean Sea, including near the coast of Libya, amid concerns about rapidly deteriorating security in the North African nation. The exercise began March 2 and includes anti-submarine, anti-aircraft and anti-ship training operations. The exercise was suspended for a...
 
 
LM-AEHF

Ingenuity drives Lockheed’s AEHF program to production milestone early

Lockheed Martin has successfully integrated the propulsion core and payload module for the fourth Advanced Extremely High Frequency (AEHF) satellite nearly five months ahead of schedule. Reaching this critical milestone early a...
 

 

First all-electric propulsion satellites send first on-orbit signals

Two Boeing 702SP (small platform) satellites, the first all-electric propulsion satellites to launch, have sent initial signals from space, marking the first step toward ABS, based in Bermuda, and Eutelsat, based in Paris, being able to provide enhanced communication services to their customers. Whatís more, the satellites were launched as a conjoined stack on a...
 
 

GA-ASI, Sener team to offer Predator B to Spain

General Atomics Aeronautical Systems, Inc. and SENER, a leading Spanish engineering company, announced March 2 that they have signed a teaming agreement that promotes the use of the multi-mission Predator B® RPA to support Spain’s airborne surveillance and reconnaissance requirements.  GAASI is a leading manufacturer of Remotely Piloted Aircraft systems, radars, and electro-optic and relate...
 
 
raytheon-satellite

Raytheon’s ‘Blue Marble’ imaging sensor delivered on schedule

Raytheon has delivered a second Visible Infrared Imaging Radiometer Suite instrument to support the National Oceanic and Atmospheric Administration’s Joint Polar Satellite System mission. The second VIIRS unit will fly ab...
 




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>