BUSINESS Boeing receives 447 mln USD contract from Defense Logistics Agency

BUSINESS

Boeing receives 447 mln USD contract from Defense Logistics Agency

Xinhua

07:34, October 14, 2020

SAN FRANCISCO, Oct. 13 (Xinhua) -- Boeing announced on Tuesday that it has received a Performance-Based Logistics (PBL) contract valued at 477 million U.S. dollars from the Defense Logistics Agency (DLA) for supplies, full supply chain management and logistics services.

File photo: AP

Under the contract, Boeing will support individual contracts based on operational performance requirements. The first phase includes the delivery and supply chain management of Honeywell proprietary parts licensed exclusively to Boeing and is valued at 39 million dollars, the company said.

"Boeing's supply chain management and distribution capabilities will help ensure parts are accessible whenever and wherever they are needed based on their use while reducing inventory and logistics lifecycle costs," said John Guasto, director of Global Integrated Services Support for Boeing.

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