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Business/Financial

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

By Cal Biesecker

Friday, June 21st, 2013

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

The Army's AH-64D model Apache. Photo: Boeing.

Boeing [BA] and Sikorsky Aircraft Corp. [UTX] Thursday 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. AH-64D Apache Longbow Photo: Boeing The joint venture will help advance Saudi efforts to diversify its economy, expand the technological expertise of its aerospace and commercial sectors,…

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