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BOEING COMPANY (THE)

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Boeing : Joramco signs long-term agreement with Boeing for hardware and chemical product lines

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02/12/2019 | 01:40am EST

Joramco signs long-term agreement with Boeing for hardware and chemical product lines

DUBAI, United Arab Emirates, Feb. 12, 2019 - Boeing [NYSE: BA] through its subsidiary, Boeing Distribution Services (formerly KLX Aerospace Solutions) secured a long-term contract with Joramco this week at MRO Middle East 2019 to provide the aircraft maintenance, repair and overhaul (MRO) company with aerospace hardware and chemical products and services.

'This agreement further strengthens the partnership between our two companies,' said Jeff Wilkinson, CEO of Joramco.

Birgitt Pohlkamp vice president of Europe, Middle East, Africa and India sales for Boeing Distribution Services agrees. 'We will further support Joramco's third party maintenance business, providing inventory availability and the security of fixed term pricing on consolidated deliveries. We are pleased to partner in Joramco's growth.'

Strategically located in a free zone area in Queen Alia International Airport in Amman-Jordan, Dubai Aerospace Enterprise (DAE) engineering division, Joramco has a state-of-the-art facility consisting of five hangers that can accommodate up to 15 aircraft.

With more than 50 years of experience, Joramco has built a track record as a leading independent commercial aircraft MRO facility serving a wide range of customers in the Middle East, Europe, South Asia, Africa, Russia and the CIS countries, offering services on several aircraft models from the Airbus, Boeing, and Embraer fleets.

Operating as one of Boeing's three business units, Global Services is headquartered in the Dallas area. For more information, visit www.boeing.com/services.

Contact:

At MRO Middle East
Stephanie Bass
Boeing Communications
Mobile +1 314-651-7376
stephanie.l.bass@boeing.com

Disclaimer

The Boeing Company published this content on 12 February 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 February 2019 06:39:01 UTC

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Financials ($)
Sales 2019 111 B
EBIT 2019 14 886 M
Net income 2019 12 542 M
Debt 2019 6 109 M
Yield 2019 1,93%
P/E ratio 2019 18,88
P/E ratio 2020 16,71
EV / Sales 2019 2,18x
EV / Sales 2020 2,04x
Capitalization 236 B
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Number of Analysts 24
Average target price 440 $
Spread / Average Target 5,3%
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NameTitle
Dennis A. Muilenburg Chairman, President & Chief Executive Officer
Jenette E. Ramos Senior Vice President-Supply Chain & Operations
Gregory D. Smith CFO, EVP-Corporate Development & Strategy
Theodore Colbert Chief Information Officer & SVP-Data Analytics
Gregory L. Hyslop CTO, Senior VP-Engineering, Test & Technology
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