Boeing Statement on Saudi Arabia Purchase Agreement

CHICAGO, Dec. 29, 2011 /PRNewswire/ — Boe­ing Chair­man, Pres­i­dent and CEO Jim McN­er­ney today wel­comed the announce­ment by the King­dom of Sau­di Ara­bia that it has reached an agree­ment to pur­chase from the U.S. gov­ern­ment 84 new Boe­ing F-15 fight­er air­craft and to upgrade 70 of its exist­ing F-15s.

“For Boe­ing, this agree­ment rep­re­sents the con­tin­u­a­tion of an endur­ing part­ner­ship between the com­pa­ny and the King­dom that dates back to 1945 when Pres­i­dent Franklin D. Roo­sevelt pre­sent­ed a DC-3 Dako­ta air­plane to King Abdu­laz­iz Al-Saud, the founder of the King­dom of Sau­di Ara­bia,” said McN­er­ney. “We appre­ci­ate the efforts of the Oba­ma Admin­is­tra­tion and the trust of King Abdullah’s gov­ern­ment in final­iz­ing the agree­ment, which will sup­port tens of thou­sands of Amer­i­can jobs and help the King­dom enhance its defense capa­bil­i­ties and diver­si­fy its work­force.”
The King­dom of Sau­di Ara­bia is one of Boeing’s most val­ued cus­tomers oper­at­ing a fleet of exist­ing Boe­ing F-15s, Apache heli­copters, AWACS, and spe­cial mis­sion air­craft. “Boe­ing is priv­i­leged to sup­port the impor­tant U.S./Saudi bi-lat­er­al rela­tion­ship, and we are pleased Sau­di Ara­bia has cho­sen the proven, state of the art capa­bil­i­ties of our F-15 and rotor­craft plat­forms,” said McN­er­ney. “Boe­ing views Sau­di Ara­bia as a mar­ket with great poten­tial and has made it a pri­or­i­ty to invest in Sau­di Arabia’s avi­a­tion indus­try while work­ing to strength­en local tech­ni­cal and voca­tion­al train­ing pro­grams and insti­tu­tions.”

The sign­ing of the let­ter of offer and accep­tance between the U.S. gov­ern­ment and the King­dom of Sau­di Ara­bia on the F-15 is the last offi­cial step toward com­plet­ing an over­all sale announced in late 2010 for 84 new and 70 upgrad­ed F-15s. The U.S. gov­ern­ment has also offered the King­dom of Sau­di Ara­bia 70 new AH-64 Apache strike heli­copters and 36 AH-6i heli­copters, plus sup­port and train­ing. All the LOAs togeth­er will total approx­i­mate­ly $24 bil­lion in Boe­ing sales.

Con­tact: Dan Beck, 562–243-7082