Boeing Submits Response to the Future Fighter Capability Project Request for Proposal
Boeing [NYSE:BA] announced on July 31, 2020, the submission of their response for the Future Fighter Capability Project (FFCP) on July 28.
Sentiment and the balance of points
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Rhea-AI Summary
Boeing [NYSE:BA] announced on July 31, 2020, the submission of their response for the Future Fighter Capability Project (FFCP) on July 28. The F/A-18 Super Hornet Block III is presented as a reliable and economical choice for the Royal Canadian Air Force (RCAF). Boeing emphasizes its long partnership with Canada, highlighting the Super Hornet's capability to meet mission needs and lower sustainment costs through existing infrastructure. The proposal promises guaranteed industrial opportunities, aiming to create well-paying jobs across Canada.
Positive
- Submission of Super Hornet proposal for the Future Fighter Capability Project.
- Super Hornet Block III is presented as a cost-effective and capable option.
- The proposal promises guaranteed industrial opportunities for Canadian industry.
- Long-term job creation across Canada.
Negative
- None.
Details
News Market Reaction – BA
The recorded move for BA in the trading session of this news was -2.44%.
Data tracked by StockTitan Argus. Session date unavailable.
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OTTAWA, July 31, 2020 (GLOBE NEWSWIRE) -- Boeing [NYSE:BA] today announced that the Super Hornet response for the Future Fighter Capability Project (FFCP) was submitted on Tuesday, July 28. The F/A-18 Super Hornet Block III is a proven, affordable choice for the Royal Canadian Air Force (RCAF) and one that would bring unparalleled, guaranteed opportunities to Canadian industry from coast to coast.
From Jim Barnes, Director, Canada Fighter Sales, Boeing Defense, Space & Security:
“We have a partnership with Canada that spans more than 100 years. We don’t take that lightly. The response we submitted today builds upon that great legacy and allows us to continue to bring the best of Boeing to Canada and the best of Canada to Boeing. The Super Hornet is the most cost-effective and capable option for the FFCP, and a Super Hornet selection will help the RCAF meet their mission needs, while leveraging existing infrastructure to drive down the long-term sustainment cost of the aircraft. Our proven, two-engine design can operate in the harshest environments and provide support no matter where the mission takes its pilots. That, coupled with Boeing’s
Contact
Andrea Peterson
Boeing Communications
+1 703-638-8521
andrea.j.peterson@boeing.com
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/115bc24a-d7c9-4e3a-aceb-869af97a703e
https://www.globenewswire.com/NewsRoom/AttachmentNg/1d6a5c2b-ce84-499d-aad6-9a7abdd48743
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