Aerospace Group:

Boeing, Sikorsky Form Joint Venture To Support Saudi Arabia’s Rotorcraft

Gally Articola

Friday, June 28th, 2013

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Boeing [BA] and Sikorsky Aircraft Corp. [UTX] said they formed a joint venture--Boeing Sikorsky International Services (BSIS)--to compete for sustainment services in support of the Kingdom of Saudi Arabia's rotorcraft fleet. Contracts that the joint venture will pursue are administered by the U.S. government as part of its Foreign Military Sales process. The joint venture will help advance Saudi efforts to diversify its economy, expand the technological expertise of its aerospace and commercial sectors, and create jobs. "Our two companies…

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