United Tech and Boeing Team Up to Bid on Saudi Contracts
Boeing and United Technologies are teaming up to help the Saudi military fly right.
On Thursday, the companies announced the formation of Boeing Sikorsky International Services (BSIS), a new joint venture that will bid on contracts to help maintain the Kingdom of Saudi Arabia's fleet of Boeing-built rotorcraft.
Sikorsky Aerospace Services President David Adler explained, "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." A 50-50 joint venture between the companies, BSIS will offer comprehensive in-country logistics, fleet and supply chain management, maintenance support and aircraft modifications, as well as training for aircrews and maintainers.
The companies noted that they will be bidding on future contracts administered by the U.S. Government as part of its Foreign Military Sales process. Thus, the progress of the JV should be easily monitored by following contract announcements posted on the DoD's website daily.
The article United Tech and Boeing Team Up to Bid on Saudi Contracts originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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