LINKOPING, Sweden, Oct. 17, 2005 (PRIMEZONE) -- Saab Aerostructures has signed a contract with The Boeing Company concerning the design, development and manufacturing of Large Cargo Doors, Bulk Cargo Door and Access Doors for the Boeing 787 Dreamliner. The order value is initially estimated at $100 million. Revenues over the lifetime of the agreement are expected to reach a multi-million dollar level.
"We are proud of the confidence Boeing has shown by selecting Saab Aerostructures for these important work packages, and we are happy to join the 787 partner team. We have a strong confidence in this program and in Boeing's commitment to continue to develop high-quality, innovative aircraft that meet the needs of airlines and passengers," says Pontus Kallen, Senior Vice President and General Manager for Saab Aerostructures. "We are thrilled to be part of Boeing's commitment to innovation and quality."
Saab Aerostructures will be responsible for development and manufacturing of the Large Cargo Doors, Bulk Cargo Door and Access Doors. Like many other major 787 structures, the doors will mainly be made of composite materials.
"We chose Saab Aerostructures for its excellent track record in precision design and manufacturing," said Mike Bair, vice president and general manager of the Boeing 787 program. "Its capabilities in composite aerospace parts were a key factor in our selection. We are thrilled to name Saab as a 787 partner."
Saab Aerostructures has experience in supplying major aerostructures for military as well as commercial aircraft programs. Its contribution to the Boeing 787 strengthens Saab Aerostructures' presence in the aerostructures market. Launched in April 2004, the fuel-efficient 787 is a family of three airplanes designed to serve on routes between 3,500 and 8,500 nautical miles (6,500 and 15,700 kilometers). To date the total number of announced orders and commitments for the 787 is 293 airplanes from 23 announced customers. Saab is one of the world's leading high-technology companies, with its main operations focusing on defense, aviation and space. The group covers a broad spectrum of competence and capabilities in systems integration.
www.saab.se, www.saabaerostructures.com
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=140918&fn=wkr0001.pdf
http://wpy.waymaker.net/client/waymaker1/ImageArchive/Image.aspx?image_id=7019
http://wpy.waymaker.net/client/waymaker1/ImageArchive/Image.aspx?image_id=7020
-0-
CONTRACT: Susanne Dalskog, Communications Director
Saab Aerostructures
Tel: +46 (0)13-180014
+46 (0)734-18 00 14