Friday, June 29, 2007

Boeing Awards China Firms $500 Mln Supply Contracts

Boeing Co. said on Friday it had awarded commercial airplane parts and components supply contracts worth $500 million to Chinese firms, including Hafei Aviation Industry Co. Supply contracts, including for parts for the jumbo 747-8 aircraft, were also agreed with subsidiaries of state-owned Chinese aircraft makers AVIC I and AVIC II.

Both Boeing and its European rival, Airbus, have awarded sizeable parts contracts to Chinese manufacturers while also seeking to secure aircraft orders in the nation's fast-growing aviation sector.


Reuters

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