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Boeing completes benefits Program for CF-18

Nov. 19, 2009, Ottawa – The Boeing Company today announced that it has
successfully completed its Industrial & Regional Benefits (IRB)
Program for Phase 2 of the CF-18 Fighter Avionics Modernization Program
for the Canadian Forces. This achievement, reached three years ahead of
schedule, underscores the company's continued success in meeting its
industrial participation commitments.

Boeing in January announced it had completed Phase 1 of the CF-18 IRB
Program one year ahead of schedule. The company has successfully
implemented industrial participation programs totaling more than US$31
billion in nearly 40 countries over the past 30 years.

"The completion of the CF-18 Phase 2 IRB program continues our
long-standing global commitment to partner with local industry," Gwen
Kopsie, director of International Industrial Participation &
Alliances for Boeing Integrated Defense Systems, stated yesterday in
Ottawa.

"The relationship between Boeing and Canada flows both ways – bringing
Boeing new business and best-of-industry suppliers, while developing
partnerships and issuing contracts that result in long-term, high-value
jobs for Canadians."

Beyond the CF-18 Phase 2 IRB program, valued at nearly $138 million,
Boeing has four active IRB programs in Canada, each coordinated by
Industry Canada. The company is on track with two commitments, valued
at nearly $1.5 billion, tied to the purchase and sustainment of four
C-17 airlifters – designated the CC-177 for Canadian Forces – as well
as a current commitment of $31 million in re-investments for Canada's
contract for ScanEagle unmanned aircraft services.

More recently, Boeing began implementing an IRB program associated with
its receipt of a contract from Canada in August for 15 CH-47 Chinook
medium-to-heavy-lift rotorcraft – designated the CH-147 for Canadian
forces. In addition to the $1.15 billion Boeing will reinvest across
Canada as part of the CH-147 delivery contract, the company also could
provide industry benefits in excess of $2 billion over 20 years for
potential in-service support of the CH-147 fleet.

Boeing has been a major contributor to the Canadian economy since 1919,
generating approximately $1 billion in business annually. The company
employs highly skilled workers in Nova Scotia, Quebec, Ontario,
Manitoba, Alberta and British Columbia in support of its commercial and
defense business units. Canada also is home to one of Boeing’s largest
international supplier bases, with more than 200 suppliers in every
region of the country, providing a diverse mix of high-value goods and
services to Boeing and its customers.

A unit of The Boeing Company, Boeing Integrated Defense Systems is one
of the world's largest space and defense businesses specializing in
innovative and capabilities-driven customer solutions, and the world’s
largest and most versatile manufacturer of military aircraft.
Headquartered in St. Louis, Boeing Integrated Defense Systems is a $32
billion business with 70,000 employees worldwide.