Boeing Bags Five-Year Contracts To Support Korea's Three Critical Defense Platforms - Boeing (NYSE:BA)

Boeing Co BA has received three performance-based logistics (PBL) contracts from the Republic of Korea's Defense Acquisition Program Administration (DAPA). The financial terms were not disclosed.
These contracts will manage the sustainment of Republic of Korea Air Force (ROKAF) F-15K fighter jets and Airborne Early Warning & Control (AEW&C) aircraft and Republic of Korea Army (ROKA) CH-47 Chinook helicopters.
The five-year contracts will improve aircraft availability by using performance data to inform logistics and supply chain management activities.
Boeing will execute the contracts in partnership with the local industry, using its integrated logistics model to support ROKAF and ROKA objectives.
"Applying data analytics to these PBLs is a very practical yet powerful way to maximize our customer's investment and support successful military operations in a critical region," commented Torbjorn Sjogren, VP, and general manager for Boeing International Government & Defence.
Price Action: BA shares are trading higher by 2.48% at $215.25 during the premarket session on Tuesday.