Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Boeing, Airbus pair up to bid for UK's helicopter contract

Published 03/06/2023, 09:29 AM
Updated 03/06/2023, 09:30 AM
© Reuters. FILE PHOTO: The Boeing logo is seen on the office building in Chicago April 26, 2006.

© Reuters. FILE PHOTO: The Boeing logo is seen on the office building in Chicago April 26, 2006.

(Reuters) - U.S. planemaker Boeing (NYSE:BA) Co and its European rival Airbus SE (OTC:EADSY) have teamed up to bid for a UK government contract that would provide helicopters for the Royal Air Force and British Army, the companies said on Monday.

The move comes as Britain looks to replace its ageing fleet of twin-engined medium transport helicopter, Puma HC Mk2. A joint statement by the two planemakers did not diclose the size of the contract they were bidding for.

Airbus Chief Executive Guillaume Faury had in January set out the company's pitch in London, where he said its Broughton facility would become the sole assembly site for its H175M choppers for the world market if Airbus won the bid.

The companies said if an offer by Airbus to build military version of its H175M super-medium helicopter is selected, then Boeing Defence UK will provide aircrew, ground crew and maintenance training.

© Reuters. FILE PHOTO: The Boeing logo is seen on the office building in Chicago April 26, 2006.

"As a member of the H175M Task Force, we look forward to leveraging our current expertise to ensure availability and readiness for the UK's future helicopter fleets," said Steve Burnell, managing director of Boeing Defence UK.

The task force, announced by Airbus in July last year, already includes aerospace firms Babcock International and Spirit AeroSystems (NYSE:SPR).

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.