Boeing [NYSE: BA] announced supply chain agreements at the Singapore Airshow with multiple airlines and operators. The agreements will enable Asia-Pacific carriers to leverage Boeing’s global supply chain to streamline maintenance, repair, and operations.
Recent supply chain services agreements include:
“Boeing is committed to providing our customers with the support and services necessary to improve airplane performance and streamline operations in the fastest growing aviation markets,” said Ted Colbert, president and CEO, Boeing Global Services. “We are proud of the recent agreements with our partners in the Asia-Pacific region, meeting the demand we are seeing for more integrated solutions.”
These agreements focus on material solutions that offer customers more inventory control and greater logistics flexibility, by relying on Boeing for material support. Boeing works with customers to identify their operational priorities and build the Tailored Part Package and Consumable and Expendable Services that allow airlines to focus on operations and not parts and inventory management.
Boeing estimates the commercial services market, including business aviation and general aviation, in the Southeast Asia region will reach $3.4 billion over the next 20 years. This growth is driven by demand for customizable maintenance programs and maintenance personnel. Boeing’s aftermarket supply chain, a key capability in supporting increased lifecycle value for customers, provides customers with customizable and flexible materials support tailored to their needs.
Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. A top U.S. exporter, the company supports commercial and government customers in more than 150 countries. Boeing employs more than 160,000 people worldwide and leverages the talents of a global supplier base. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.
Source: The Boeing Company (NYSE: BA)
Date: Feb 12, 2020