Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Boeing Company (The)    BA

Mes dernières consult.
Most popular
Real-time Quote. Real-time Cboe BZX - 04/23 07:12:08 pm
338.445 USD   -0.07%
06:46pBOEING : Stratford students recognized at STEM signing day
05:01pBOEING : HorizonX Invests in 3D Printing Startup Morf3D
04:29pAirbus Debuts Ultra-Long Range A350 Widebody Model
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

The Boeing Company : Boeing, ADASI Sign Teaming Agreement for Unmanned Aircraft Systems

share with twitter share with LinkedIn share with facebook
share via e-mail
02/18/2013 | 03:23pm CEST

ABU DHABI, United Arab Emirates, Feb. 18, 2013 -- Boeing [NYSE: BA] and Abu Dhabi Autonomous Systems Investments Company (ADASI), a Tawazun subsidiary, today signed a teaming agreement for the two companies to address the growing Middle East market for unmanned systems.

Speaking at the International Defence Exhibition and Conference (IDEX) in Abu Dhabi, company representatives said the teaming agreement enables ADASI to provide training, support and marketing services for Boeing's ScanEagle and Integrator unmanned aircraft systems in the United Arab Emirates (UAE), with prospects to expand into the Middle East and North Africa.

"This agreement advances Boeing's strategy of partnering with best-in-industry companies such as ADASI," said Debbie Rub, a vice president and general manager in Boeing Military Aircraft. "We plan to continue investing and growing in the UAE and the broader Middle East region in order to support U.S. allies' enduring need for affordable intelligence, surveillance and reconnaissance (ISR) solutions, such as ScanEagle and Integrator."

The agreement supports the ongoing drive to develop UAE national capabilities within ADASI. Boeing's direct involvement with ADASI will open many opportunities for ADASI's UAE nationals to develop their knowledge and skills through Boeing's world-leading capabilities and experience in the management and implementation of technical programs.

"Today's announcement is an important continuation of our strategy to build aerospace capabilities right here in the Middle East," said ADASI Chairman Homaid Al Shemmari. "Our homegrown expertise, coupled with Boeing's technical capabilities in unmanned aircraft systems, is a winning combination and one that we look forward to strengthening in the coming years."

The teaming agreement expands on a previous agreement between ADASI and Insitu, a wholly owned Boeing subsidiary that makes the ScanEagle and Integrator. That collaboration allowed for support and sustainment of Insitu's unmanned ISR products and services.

"Boeing continues to demonstrate its enduring commitment to the UAE not just by delivering commercial aircraft and defense systems, but also through solid partnerships such as this latest agreement," said Boeing Middle East President Jeff Johnson. "In this way, we can help the UAE achieve its national objective of providing new career opportunities for its people."

ADASI is the first UAE-based company to offer clients a comprehensive range of services to cover all types of autonomous systems. ADASI offers holistic solutions, starting with joint analysis of end-users' needs, through formalization of their requirements, to equipment selection and procurement. ADASI also offers product or system design, development, testing and commissioning of localized subsystems and systems, and other engineering solutions, as well as training of customer teams, operational support and systems maintenance.

The Boeing Company has a long-standing relationship with the United Arab Emirates. From air transport and aviation support services to defense and satellite systems, Boeing has worked closely with UAE civil and defense authorities to achieve the country's objectives and ambitions. Boeing values its relationships and partnerships in the UAE and the region and is committed to building on these relationships for mutual benefit into the future.

Tawazun is a strategic investment firm focused on the long-term development of UAE's industrial manufacturing and technology capabilities and knowledge-transfer with a specific focus on the defense sector. Established in 2007 as a fully owned subsidiary of Tawazun Economic Council, Tawazun Holding's mission is to develop profitable ventures through industrial partnerships and strategic investments that add to the country's industrial manufacturing layer in the areas of defense, defense manufacturing and manufacturing technology.

A unit of The Boeing Company, Boeing Defense, Space & Security is one of the world's largest defense, space and security businesses specializing in innovative and capabilities-driven customer solutions, and the world's largest and most versatile manufacturer of military aircraft. Headquartered in St. Louis, Boeing Defense, Space & Security is a $33 billion business with 60,000 employees worldwide.@BoeingDefense.

# # #


Fakher Daghestani
Boeing International Communications
Office: +971 4 213 4703
Mobile: +971 50 6254855
[email protected]

David Sidman
Boeing Defense, Space & Security
Office: +1 314-232-1980
Mobile: +1 314-409-6725
[email protected]

Saif Ali Al Marzooqi
Associate Director - Corporate Communications
+971 2 5069911
[email protected]

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on BOEING COMPANY (THE)
06:46pBOEING : Stratford students recognized at STEM signing day
05:01pBOEING : HorizonX Invests in 3D Printing Startup Morf3D
04:29pAirbus Debuts Ultra-Long Range A350 Widebody Model
03:58pBOEING : Qatar Airways signs LOI for five Boeing 777 Freighters
03:00pBOEING : Kuwait E and F Model Super Hornet Integrated Logistics Support Phase 1
02:45pBOEING : Transparency Canopy
01:35pSouthwest Cancels 40 Flights for Engine Inspections
12:31pBOEING : Emirates scoops four awards at the World Travel Awards Middle East 2018..
04/22OPINION : Why Airlines need more women pilots at the controls
04/22BOEING : When you land safely, you can thank 85-year-old Joseph Killpatrick
More news
News from SeekingAlpha
11:05aGENERAL ELECTRIC : Buy On The Dip Opportunity 
10:23aJohn's March Dividend Income Tracker - Retirement Accounts 
07:41aGame Plan For The Week - Cramer's Mad Money (4/20/18) 
02:58aBOEING : An Underwhelming Start? 
04/22BOEING 787 : High Expectations 
Financials ($)
Sales 2018 97 271 M
EBIT 2018 11 145 M
Net income 2018 9 421 M
Debt 2018 1 101 M
Yield 2018 1,98%
P/E ratio 2018 21,54
P/E ratio 2019 18,35
EV / Sales 2018 2,06x
EV / Sales 2019 1,94x
Capitalization 199 B
Duration : Period :
Boeing Company (The) Technical Analysis Chart | BA | US0970231058 | 4-Traders
Technical analysis trends BOEING COMPANY (THE)
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 387 $
Spread / Average Target 14%
EPS Revisions
Dennis A. Muilenburg Chairman, President & Chief Executive Officer
Jenette E. Ramos Senior Vice President-Supply Chain & Operations
Gregory D. Smith CFO & EVP-Enterprise Performance & Strategy
Theodore Colbert Chief Information Officer & SVP-Data Analytics
Gregory L. Hyslop CTO, Senior VP-Engineering, Test & Technology
Sector and Competitors
1st jan.Capitalization (M$)
BOEING COMPANY (THE)14.84%198 875
AIRBUS SE13.46%89 617
RAYTHEON21.03%65 592