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News from the air and defense industry:

Boeing Co. (NYSE:BA) has sold five 747-8s to Volga-Dnepr, the Russian air cargo company. The freighters, priced at a total of $1.4 billion, are scheduled for delivery between 2010 and 2013. Volga also secured the option to buy five more. According to the president of V-D, this is the largest Russian private plane purchase in history.

Boeing and Eurofighter are in the second round of their dogfight as South Korea opened the second phase of its procurement program for a new combat aircraft. In 2002, Boeing had won the first round and supplied the country with forty of its F-15K planes for $5.5 billion. Now, South Korea is prepared to order twenty more planes for delivery in 2010-2012. Eurofighter believes its Typhoon model is a stronger candidate now that it has been produced and deployed in other countries. However, The Korean Times quotes military sources as saying that Boeing has the inside track because of the previous order. A decision is expected next February.

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Boeing, Lockheed sales news originally appeared on BloggingStocks on Mon, 12 Mar 2007 09:54:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>aircraft industryAircraftIndustryALAFCOArrowhead systemArrowheadSystembaboeingBoeing 737-800Boeing 787-8Boeing737-800Boeing787-8defense industryDefenseIndustryEurofighterEurofighter TyphoonEurofighterTyphoonF-15KFIghter planesFighterPlaneslmtlockheed martinLockheedMartinmissilesP44 missileP44MissileRussian air cargo planesRussianAirCargoPlanesSouth Korean aircraftSouthKoreanAircraftVolga-DneprMon, 12 Mar 2007 09:54:00 EST