Boeing Sees Potential Widebody Jet Sale to Saudi Airline
May 21 2017 - 12:20PM
Dow Jones News
By Doug Cameron
Boeing Co. said Sunday it had agreed to the potential sale of 16
widebody jets to a Saudi Arabian airline and a range of equipment
for the country's armed forces.
The aerospace giant said SaudiGulf Airlines is looking to
acquire up to 16 twin-aisle jets, though it didn't identify the
model or potential delivery dates in a market where sales have been
sluggish over the past two years.
The weekend bonanza of potential arms sales signed during
President Donald Trump's state visit to Saudi Arabia included
Boeing Chinook helicopters, a previously-announced agreement that
has already been cleared by Congress.
Saudi Arabia also wants to acquire an unspecified number of
Boeing's P-8 maritime patrol aircraft based on its popular 737
jetliner, the company said in a statement. The U.S. Navy, India and
Australia have already bought the P-8.
Boeing said this weekend's agreements included a new helicopter
service joint venture in Saudi Arabia, and plans to establish other
military maintenance and support facilities in the country.
Write to Doug Cameron at doug.cameron@wsj.com
(END) Dow Jones Newswires
May 21, 2017 12:05 ET (16:05 GMT)
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