Boeing Inks Collaboration Deal With Africa-Based Paramount Group; Chris Chadwick Comments

TOW missileBoeing will collaborate with Africa’s Paramount Group in developing defense and security products for the international market as part of an agreement signed by both companies at the Farnborough Airshow.

The companies said Tuesday they will leverage Boeing’s rotorcraft and unmanned aerial systems technology and Paramount’s land and aerospace systems to deliver offerings for areas such as border security, heavy airlift, anti-piracy and relief efforts.

Chris Chadwick, president and CEO of Boeing’s defense, space and security segment, said their joint offerings will also support platform refurbishing, systems integration, training and maintenance.

“Africa is one of the world’s fastest-growing markets for aerospace and defense equipment, and we are very pleased to be partnering with Boeing to combine our various capabilities to better serve our customers in Africa and elsewhere,” said Ivor Ichikowitz, chairman of Paramount.

Paramount was formed in 1994 and works in more than 30 countries around the world in areas such as defense, peacekeeping and internal security.

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