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Sikorsky, Boeing form joint venture

  |   June 20, 2013 at 2:31 PM
PARIS, June 20 (UPI) -- A joint venture company has been created by U.S. companies Sikorsky Aircraft and Boeing to win sustainment services work for Saudi Arabia's helicopter fleets.

The contracts to be sought by the company, Boeing Sikorsky International Services, are administered by the U.S. government as part of its Foreign Military Sales program.

"This is a significant milestone in strengthening our future competitive capabilities, designed to bring better value in support of the Saudi military rotorcraft fleets," said David Adler, president of Sikorsky Aerospace Services, the aftermarket business of Sikorsky Aircraft. "Drawing on our joint expertise, BSIS will compete and operate as a single-source provider of local and comprehensive sustainment for the Kingdom's rotorcraft platforms."

The two companies hold equal shares in BSIS, which offers in-country logistics, fleet and supply-chain management, maintenance support and aircraft modifications.

BSIS also will provide training for helicopter aircrews and maintenance personnel.

"Our two companies have a demonstrated track record of successfully teaming with each other," said Peri Widener, vice president of Boeing Rotorcraft Support and chairman of the board at BSIS. "We'll manage this joint venture as we have our previous partnerships: by working closely with each other and communicating frequently with our customers."

Formation of the joint venture was announced at the Paris Air Show.

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