AAR (AIR) and Boeing (BA) Sign Letter of Intent for Component MRO
Tweet
Share
E-mailGet Alerts AIR Hot Sheet
Price: $132.46 +0.05%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.7%
Revenue Growth %: +19.2%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.7%
Revenue Growth %: +19.2%
Join SI Premium – FREE
AAR (NYSE: AIR) and the Boeing (NYSE: BA) have signed a letter of intent to cooperate on component maintenance, repair and overhaul (MRO) capabilities to support Royal Netherlands Air Force (RNLAF) rotorcraft operations.
The letter of intent with AAR is the first industry collaboration to grow out of the November 2010 framework agreement between Boeing and LCW. Boeing's collaboration with LCW and AAR advances the "Maintenance Valley" initiative supported by the Dutch government to bolster the Netherlands' position as a regional hub for military and civilian aircraft MRO activities and will grow the volume of MRO work in the Netherlands.
The letter of intent with AAR is the first industry collaboration to grow out of the November 2010 framework agreement between Boeing and LCW. Boeing's collaboration with LCW and AAR advances the "Maintenance Valley" initiative supported by the Dutch government to bolster the Netherlands' position as a regional hub for military and civilian aircraft MRO activities and will grow the volume of MRO work in the Netherlands.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Sky Quarry names Heidi Bowman as CFO
- LivePerson extends special meeting deadline for SoundHound AI merger vote
- Magna Holdings makes unsolicited bid for 31% of Yatra Online
Create E-mail Alert Related Categories
Corporate NewsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
