The Boeing Co. (NYSE:BA) has entered into an agreement to provide technical assistance to iGA Havalimani Isletmesi A.S. (IGA), developer and operator of Istanbul New Airport.
Per the agreement, Boeing’s subsidiary, Jeppesen, will assist IGA and the General Directorate of State Airports Authority, DHMI, in designing airspace structure for the Istanbul New Airport. It will also support the development of an operations optimization program and an operational readiness plan. All this will be done using Boeing’s Total Airport and Airspace Modeler (TAAM) tool.
TAAM will allow airport developers to simulate and test various operational procedure alternatives for airspace and runway optimization. Jeppesen will train employees of both IGA and DHMI on the utilization of the TAAM tool. This will ensure active participation of both parties in the project. They will also be able to carry out continuing analysis projects as and when necessary, after a successful analysis by Jeppesen.
The project will use the TAAM tool to optimize runway operations at Istanbul New Airport, and improve overall airspace capacity and efficiency. Apart from this, the project will also focus on maintaining safety standards and reducing airspace conflicts in the Istanbul Terminal Control Area.
According to Aysem Sargin, managing director of Boeing Turkey, “Using our TAAM tool, we will be able to show the impacts of all operational concepts and assist the Istanbul New Airport team to make the most informed decisions possible for the new airport.”
Boeing currently has a Zacks Rank #3 (Hold).
Stocks to Consider
A couple of better-ranked stocks in the aerospace and defense industry are Engility Holdings, Inc. (NYSE:EGL) and Leidos Holdings, Inc. (NYSE:LDOS) , both carrying a Zacks Rank #2 (Buy). Investors interested in the aerospace and defense equipment industry may also consider HEICO Corporation (NYSE:HEI) , with a Zacks Rank #2.
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BOEING CO (BA): Free Stock Analysis Report
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