Boeing and Paramount Group to Collaborate on Defense and Security Opportunities

FARNBOROUGH, England, July 15, 2014 – The Boeing Company (NYSE: BA) and Paramount Group, Africa’s largest privately-owned defense and aerospace business, today signed a memorandum of collaboration to jointly develop defense and security opportunities in key international markets.

The agreement, signed during the bi-annual Farnborough Airshow, will allow Boeing and Paramount to apply their complementary strengths in providing aircraft and land systems solutions for customers in Africa and other major markets that face a range of security challenges. Those include border security; heavy airlift of products and personnel across vast distances; coastal piracy and anti-poaching; and disaster and humanitarian relief as part of future coalition efforts.  

Boeing and Paramount Group to Collaborate on Defense and Security Opportunities