(NSI News Source Info) TORONTO, Canada - October 5, 2012: The U.S. Army has awarded Boeing [NYSE: BA] a five-year Performance-Based Logistics (PBL) contract for CH-47 Chinook support, an arrangement that reduces customer costs while allowing Boeing to invest in improving products and processes.
The $185 million contract covers management of the production, overhaul and distribution of the Army's supply of Chinook helicopter rotor blades.
"PBLs are outcome-focused sustainment contracts that guarantee enhanced performance and improved costs," said Peri Widener, Rotorcraft Support vice president for Boeing. "We work with our customer to reduce costs through longer-term agreements, purchasing only the parts needed and investing in techniques that extend the life of key components."
Under a PBL contract, the customer pays for a support package with an agreed-to level of readiness, unlike traditional contracts based on payment for specific parts and services.
(Read complete story on Defense-Technology News - Click on link undermentioned)
http://defense-technologynews.blogspot.ca/2012/10/dtn-news-defense-news-boeing-to-provide.html
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