The Boeing Company has successfully completed its Industrial and Regional Benefits program for Phase 1 of the CF-18 Fighter Avionics Modernization Program for the Canadian Forces. This achievement, reached one year ahead of schedule, demonstrates the company’s continued success in meeting its industrial participation (IP) commitments. Boeing has successfully implemented IP programs totaling more than US$29 billion in more than 35 countries over the past 30 years.

With the completion of the CF-18 Phase 1 Industrial and Regional Benefits program, valued at nearly US$378 million, Boeing now has three active IP programs in Canada, each coordinated by Industry Canada. The IP program for Phase 2 of CF-18 Fighter Avionics Modernization, valued at nearly US$138 million, is on track for completion in May 2011.

The company also has two IP programs tied to the Canadian government’s 2007 order for four C-17 Globemaster III transport aircraft, which have delivered and are already supporting Canadian Forces’ military and humanitarian missions. As part of the C-17 acquisition and in-service support contracts, Boeing agreed to match the purchase price of the four aircraft and a 20-year maintenance and support contract with dollar-for-dollar investments, valued at US$1.5 billion, back into the Canadian economy.