AMSTERDAM, Oct. 22, 2009 — The Boeing Company [NYSE: BA] has successfully completed its industrial cooperation program for the AH-64D Apache Armed Helicopter Program for the Netherlands Ministry of Economic Affairs. This achievement, reached one year ahead of schedule and exceeding the reinvestment obligation, demonstrates the company’s continued success in meeting its industrial cooperation commitments. Boeing has successfully implemented industrial participation programs totaling more than US$31 billion in nearly 40 countries over the past 30 years.

“The completion of the Apache helicopter program continues our long-standing commitment to invest in the regions where we do business,” said Gwen Kopsie, director of International Industrial Participation & Alliances for Boeing Integrated Defense Systems. “This accomplishment further reinforces our focus on developing partnerships and issuing contracts that will result in long-term, high-value jobs for the Dutch while further establishing Boeing as an enduring partner to Dutch industry. Over the last 10 years, Boeing has completed more than 300 such projects with more than 85 Dutch companies and institutions.”

Beyond the completion of the Apache program, valued at more than $1 billion, Boeing continues to support the Ministry of Economic Affairs in its efforts to grow technology and small-business activities through five active industrial cooperation programs in the Netherlands. These programs for AH-64D Apache support services, the CH-47 Chinook heavy-lift helicopter, Joint Direct Attack Munitions weapons, the Joint Helmet Mounted Cueing System, and (K)DC-10 aerial refueling tanker cockpit upgrades are on track for completion before 2017.

“For more than 70 years, Boeing has been a partner to the Netherlands,” said Jan Närlinge, president of Boeing Northern Europe. “Today, Boeing is a major contributor to the Dutch economy through its industrial cooperation programs, generating more than $50 million in business annually. Boeing has many suppliers and customers in the region and enjoys close, mutually beneficial collaboration with airlines, government, academic institutions and industry.”

Source: Boeing
Photo: Rob Vogelaar, ZAPP group