Boe­ing and Paramount Group col­lab­o­ra­tion

SP's MAI - - CORPORATE NEWS -

The agree­ment, signed dur­ing the an­nual Farn­bor­ough Air Show, will al­low Boe­ing and Paramount to ap­ply their com­ple­men­tary strengths in pro­vid­ing air­craft and land sys­tems so­lu­tions for cus­tomers in Africa and other ma­jor mar­kets that face a range of se­cu­rity chal­lenges. Those in­clude border se­cu­rity; heavy air­lift of prod­ucts and per­son­nel across vast dis­tances; cross­bor­der op­er­a­tions, coastal piracy and anti-poach­ing; and dis­as­ter and hu­man­i­tar­ian relief as part of fu­ture coali­tion ef­forts. Plat­forms be­ing ex­plored un­der the col­lab­o­ra­tion in­clude var­i­ous Boe­ing ro­tor­craft, un­manned aerial sys­tems and re­lated sup­port ser­vices, as well as Paramount’s lead­ing port­fo­lio of land ve­hi­cles and aero­space sys­tems ca­pa­bil­i­ties cur­rently de­ployed around the world.

“Boe­ing and Paramount will be able to pro­vide new or ex­ist­ing cus­tomers with a unique part­ner­ing of de­fense so­lu­tions and ca­pa­bil­i­ties, in­clud­ing the retrofitting or re­fur­bish­ment of ex­ist­ing plat­forms, sys­tems in­te­gra­tion, as well as train­ing and main­te­nance sup­port for any new ac­qui­si­tions,” said Chris Chad­wick, Pres­i­dent and CEO of Boe­ing De­fense, Space and Se­cu­rity. “To­gether we will be able to of­fer African cus­tomers the full scope of de­fense and se­cu­rity needs from two global lead­ers in their re­spec­tive fields.”

“Africa is one of the world’s fastest-grow­ing mar­kets for aero­space and de­fense equip­ment, and we are very pleased to be part- ner­ing with Boe­ing to com­bine our var­i­ous ca­pa­bil­i­ties to bet­ter serve our cus­tomers an Africa and else­where,” said Ivor Ichikowitz, Paramount Group Chair­man. “Paramount has ex­ten­sive world­class de­sign, devel­op­ment and man­u­fac­tur­ing ca­pa­bil­ity in Africa, which we con­sider to be an as­set of the con­ti­nent. It has for many years been our pol­icy to iden­tify best-of-breed part­ners to col­lab­o­rate with in grow­ing our African ca­pa­bil­ity.”

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.