{"id":60815,"date":"2018-03-16T19:54:09","date_gmt":"2018-03-16T19:54:09","guid":{"rendered":"https:\/\/one.sightlinemg.com\/defensenews\/uncategorized\/2018\/03\/16\/boeing-to-meet-aggressive-growth-target-by-supporting-european-russian-platforms\/"},"modified":"2026-08-08T00:35:37","modified_gmt":"2026-08-08T00:35:37","slug":"boeing-to-meet-aggressive-growth-target-by-supporting-european-russian-platforms","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/defensenews\/industry\/2018\/03\/16\/boeing-to-meet-aggressive-growth-target-by-supporting-european-russian-platforms\/","title":{"rendered":"Boeing eyes \u2018aggressive growth target\u2019 by supporting older European, Russian platforms"},"content":{"rendered":"\n

DOHA, Qatar \u2014 Boeing Global Services is looking to triple its income over the next five years with an aim to reach $50 billion in annual business by 2025. This effort could see the company form new partnerships or acquire businesses to support older European and Russian defense platforms<\/a> and equipment that the original manufacture no longer can support.<\/p>\n\n\n\n

In a media briefing held at the Doha International Maritime Defence Exhibition and Conference in Qatar, senior Boeing officials described the business group\u2019s new partnership strategy as a means to accessing markets<\/a>, creating unique capabilities and discovering new, innovative ideas.<\/p>\n\n\n\n

\u201cWe have an aggressive growth target coming from our leadership. Today we are about a $16 billion annual business, and our leadership is looking to drive us in the coming five years to be a $50 billion annual business,\u201d said Howard Berry, the director of global sales and marketing for international government services at Boeing Global Services.<\/p>\n\n\n\n

\u201cThat\u2019s an aggressive growth target, so we have a lot of work ahead of us,\u201d he added.<\/p>\n\n\n\n

The company plans to grow by $200 billion in the next 10 years, with an increase of 50 percent in terms of total revenue.<\/p>\n\n\n\n

A key focus of Boeing Global Services\u2019 new strategy is involves supporting aging platforms via upgrades, modifications and maintenance, especially considering \u201conly 20 percent of military platforms will be retired in the next 10 years,\u201d according to Berry.<\/p>\n\n\n\n

\u201cWhat we are seeing today is a wide range of well-made platforms with a long length, from an airframe life perspective, which led to an increasing need to update platforms with new avionics systems, weapons and subsystems,\u201d he said. \u201cThere are tremendous opportunities to supporting these aging platforms, not only to keep it essentially flying worthy but also tacitly relevant.\u201d<\/p>\n\n\n\n

Boeing Global Services serves both the military and commercial markets, with a focus on services in engineering, digital aviation, analytics, supply chain logistics and training support.<\/p>\n\n\n\n

Berry stressed that the company\u2019s focus on finding new and innovative ways to grow the business will involve new geographic regions and more international industry partnerships. \u201cIn order to achieve that, you are going to see us spending more time looking at non-Boeing platforms, [supporting] European platforms … in the military arena, in addition to perusing Russian heritage hardware, for example.\u201d<\/p>\n\n\n\n

\u201cThere may be many cases where it makes much more sense for other organizations to lead and for Boeing to partner and bring expertise needed for the solutions,\u201d he added.<\/p>\n\n\n\n

Boeing also sees unmanned technology as an area for growth. This is reflected in its acquisition of autonomous system specialists Aurora Flight Sciences<\/a> and Liquid Robotics.<\/p>\n\n\n\t