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Friday, June 21, 2013

Sikorsky, Boeing Form Saudi Joint Venture

Sikorsky and Boeing are planning to establish a new joint venture aimed at pursuing U.S. foreign military sales (FMS) contracts that will expand the Saudi Arabian fleet of military helicopters. The two manufacturers announced the agreement at the Paris Air Show.

The equal share joint venture, Boeing Sikorsky International Services will be based in Saudi Arabia, as both companies look to capture a large share of U.S. FMS contracts in the country. Speaking Thursday in Paris, Sikorsky Aerospace Services (SAS) President David Adler called the new joint venture a "significant milestone" in the history of the two companies working together. The joint venture comes a few months after the helicopter OEMs agreed to partner on the U.S. Army's Joint Multi-Role (JMR) competition, a precursor to Future Vertical Lift (FVL).

Related: Military News

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