Boeing to invest in Canadian companies as offset for C-17 buy
Under Canadian law Boeing will invest some $150 M Canadian in various companies as part of an offset for being awarded the contract for 4 C-17 aircraft. See the story here in The Star Phoenix. The law requires Boeing to invest 100% of the contract value in Canada.
Boeing Awarded $1.3 Billion Contract for C-17 fleet
Boeing has won a $1.3 Billion contract from the U.S. Air Force to upgrade weapons on the C-17 cargo aircraft. The contract has been awarded to Boeing’s McDonnell Douglas Corp. unit. The five year contract is an addition to an original contract awarded in 2001.
More details, can be found here.
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