Korea Selects Boeing to Support Readiness for Three Critical Defense Platforms

Rhea-AI Summary

Boeing has secured three performance-based logistics (PBL) contracts from South Korea's Defense Acquisition Program Administration (DAPA) for the ROKAF F-15K fighter jets, AEW&C aircraft, and ROKA CH-47 Chinook helicopters. These five-year contracts aim to enhance aircraft availability through data-driven logistics management. Boeing will collaborate with local industry partners, applying data analytics to maximize efficiency and support military operations. Boeing has invested over $5 billion in the Korean aerospace sector over the past 15 years, reinforcing its commitment to the region.

Positive

• Awarded three PBL contracts from DAPA enhancing support for ROKAF and ROKA aircraft.
• Contracts aimed at improving aircraft availability and efficiency through data-driven logistics.
• Boeing's long-term partnership with South Korea includes over $5 billion invested in local industry.

Negative

• None.

SEOUL, South Korea, Feb. 15, 2022 /PRNewswire/ -- Boeing [NYSE: BA] has received three performance based logistics (PBL) contracts from the Republic of Korea's Defense Acquisition Program Administration (DAPA) to manage sustainment of Republic of Korea Air Force (ROKAF) F-15K fighter jets and Airborne Early Warning & Control (AEW&C) aircraft, and Republic of Korea Army (ROKA) CH-47 Chinook helicopters. The five-year contracts will improve aircraft availability by using performance data to inform logistics and supply chain management activities.  

"Our partnership with Korea is continuing to grow as we shift from transactional support approaches to customized models driven by agreed-to readiness outcomes," said Thom Breckenridge, senior director of Far East Programs for Boeing International Government & Defence. "These agreements enhance the value of PBL contracts that have delivered high mission-capable rates and improved parts forecasting and procurement of the ROKAF's F-15K fleet for more than a decade, and will extend benefits to the AEW&C and CH-47 fleets as well."

Boeing will execute the contracts in partnership with local industry, using its proven integrated logistics model to coordinate supply chain forecasting, procurement, delivery, maintenance training and risk-management practices in support of ROKAF and ROKA objectives. The PBL model will also improve the ability to adapt logistics quickly and cost effectively to support emergent issues and unanticipated events. In addition to executing the PBLs, Boeing will examine how data analytics can further improve the effectiveness of its PBL approach.

"Through the data they generate, these platforms are already telling us how to extend the life of parts and components, when to defer or elevate maintenance activities and how to focus training on actions that are most imminent," said Torbjorn Sjogren, vice president and general manager for Boeing International Government & Defence. "Applying data analytics to these PBLs is a very practical yet powerful way to maximize our customer's investment and support successful military operations in a critical region."  

For over 70 years, Boeing has enjoyed a strong and productive partnership with the Republic of Korea. Boeing is committed to supporting the growth of the Korean aerospace industry with a spend of over $5 billion in the past 15 years with local companies. As a reliable partner in the commercial aircraft and defense business sector, Boeing Korea continues to further strengthen its relationships with over 50 local industry partners, and employs more than 200 employees.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future and living the company's core values of safety, quality and integrity. Learn more at www.boeing.com.

Contact        
Kunwoo Yoo
Boeing Korea Communications
+82 2 2075 4815
kunwoo.yoo@boeing.com

 

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SOURCE Boeing

FAQ

What contracts did Boeing secure from South Korea?

Boeing secured three performance-based logistics contracts to support ROKAF F-15K jets, AEW&C aircraft, and ROKA Chinook helicopters.

What is the duration of the contracts awarded to Boeing?

The contracts awarded to Boeing are for five years.

How will the Boeing contracts improve aircraft availability?

The contracts will enhance aircraft availability through data-driven logistics management.

What is Boeing's investment in the Korean aerospace industry?

Boeing has invested over $5 billion in the Korean aerospace industry in the past 15 years.

What is the significance of the PBL contracts for Boeing?

The PBL contracts signify a shift to customized logistics models, enhancing mission-capable rates and parts forecasting.