Flight 447: Press release N° 9

More than 700 airplanes, worth $80 billion, needed in region over 20 years

CAPE TOWN, South Africa, Sept. 21 — Boeing forecasts that air carriers in Africa will experience steady growth over the next 20 years as air travel in Africa continues to grow with the economy.

The African economy is projected to grow 4.8 percent in 2010 following 2.9 percent growth in 2009. This strong growth results from worldwide recovery stimulating demand for African exports as well as imports into the continent. West Africa shows the strongest growth with foreign interest in petroleum development.

“As the demand for African commodities grows and foreign development and tourism increase, African carriers will require a modernized fleet in order to compete on routes historically dominated by foreign carriers,” said Mike Warner, senior market analyst for Boeing Commercial Airplanes, today at a media briefing in Cape Town.

“Africa’s current fleet is nearly 20 years old on average in a market that demands newer, more fuel-efficient airplanes to help offset the rising cost of fuel.”

Boeing’s forecast calls for the delivery of more than 700 airplanes with a value of approximately $80 billion for the African airplane market over the next 20 years.

Growth in the airline market, along with the demand to replace older, less fuel-efficient single-aisle airplanes and regional jets with new-generation, more fuel-efficient models, will drive new airplane deliveries.

Strong demand exists to support increased non-stop routes between Africa and Europe, the United States, the Middle East, India, and China. Twin-aisle fleets will evolve in the region as airlines continue to expand international services. Boeing forecasts that twin-aisle airplanes will account for 32 percent of new airplanes delivered to African carriers over the next 20 years compared to 23 percent worldwide. Single-aisle airplanes will represent 60 percent of the African new-airplane market, compared to 69 percent worldwide.

Newer airplane types such as the Next-Generation 737 and 787 Dreamliner offer significant advantages in environmental performance as well as improved capabilities, fuel efficiency and maintenance costs.
Today’s market update was part of a series of briefings that highlight Boeing’s airplane capabilities and advantages as well as discuss the African aviation market for the next 20 years. Boeing kicked off the effort at last month’s Aviation & Allied Business Leaders conference in Gaborone, Botswana. Later this year, Boeing will participate in the Airlines Association of South Africa Annual General Meeting in Manzini, Swaziland, in October and the African Airlines Association General Assembly and conference in Addis Ababa, Ethiopia, in November.

ST. LOUIS, Feb. 15, 2011 — Boeing [NYSE: BA] and Fluor Corp. [NYSE: FLR] have formed a team to pursue a contract to manage and operate the Sandia National Laboratories if the U.S. Department of Energy (DOE) decides to hold a competition.

Sandia is a government-owned, contractor-operated facility that is managed on behalf of the DOE’s National Nuclear Security Administration (NNSA). Sandia has major facilities in Albuquerque, N.M., and Livermore, Calif., and an annual operating budget of approximately $2.5 billion. The current contract expires in September 2012.

“The Boeing Company has a long history of managing large-scale research and development programs,” said Greg Deiter, vice president of Boeing Defense & Government Services. “We will draw on that experience to offer innovative approaches to meet the NNSA’s objectives of strengthening performance on national security missions; reducing costs; and supporting operations as an integrated Nuclear Security Enterprise.

“We also offer a unique capability to evolve our support to broader national security tasks in a way that will be complementary to the nuclear security mission,” Deiter added.
Boeing has supported national nuclear programs at Sandia and elsewhere for more than five decades.

Fluor, a longtime DOE contractor, applies its program management expertise to provide safe, dependable, and value-added operations services across the department’s complex at Savannah River in South Carolina, Hanford in Washington state, and Portsmouth in Piketon, Ohio. For more than six decades, Fluor has assisted the DOE and international government agencies in addressing their urgent national nuclear priorities.

“We believe that the complementary resources and skill sets of two world-class companies like Fluor and Boeing offer the NNSA an extremely compelling value proposition,” said Greg Meyer, senior vice president of Fluor Government Group. “Fluor’s work as a preeminent DOE contractor positions our company well to be able to understand the needs of Sandia and the nuclear security enterprise. We look forward to bringing our experience from across the DOE complex along with our unmatched operations expertise to support the team.”

Fluor Corporation designs, builds and maintains many of the world’s most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenues of $22 billion in 2009.

A unit of The Boeing Company, Boeing Defense, Space & Security is one of the world’s largest defense, space and security businesses specializing in innovative and capabilities-driven customer solutions, and the world’s largest and most versatile manufacturer of military aircraft. Headquartered in St. Louis, Boeing Defense, Space & Security is a $32 billion business with 66,000 employees worldwide. Follow us on Twitter: @BoeingDefense.