Boeing and Alenia Spazio Announce Transatlantic Partnership for Cooperation in Missile Defense

The Boeing Company [NYSE:BA] and Alenia Spazio (a Finmeccanica Company) announced a Memorandum of Understanding to cooperate on ballistic missile defense today at the Farnborough Air Show.

"Boeing is the prime on integrated missile defense. We have established the MOU that provides an open framework for industrial cooperation. The intent is to establish long-term relationships between Boeing and Alenia Spazio in global missile defense," said Jim Albaugh, President and CEO of Boeing Integrated Defense Systems unit.

Giorgio Zappa, Chairman of Alenia Spazio stated: "This agreement confirms the worldwide appreciation of the level of technology achieved by Alenia Spazio in the field of secured communications, radar observation and system integration. We are proud to cooperate with Boeing in such a challenging endeavour".

A unit of The Boeing Company, Boeing Integrated Defense Systems, or IDS, is one of the world's largest space and defense businesses. Headquartered in St. Louis, Boeing Integrated Defense Systems has annual sales of 23 billion USD. It provides systems solutions to its global military, government and commercial customers. It is a leading provider of intelligence, surveillance and reconnaissance; the world's largest military aircraft manufacturer; the world's largest satellite manufacturer and a leading provider of space-based communications; the primary systems integrator for U.S. missile defense; NASA's largest contractor; and a global leader in launch services.

Alenia Spazio, a company of Finmeccanica, is the major Italian space industry with important roles in the major international space programs; the know-how and experience acquired make the company one of the European leaders in the field.

At present, the company is active in four sectors: telecommunications/navigation, remote sensing, orbital infrastructures and scientific satellites.

Among the key technologies that may be used in the area of global missile defense, Alenia Spazio has built the Sicral military telecommunication satellite, which is currently serving the Italian peace-keeping missions, and is developing the innovative Ka-band satellite and the Cosmo-SkyMed constellation with synthetic aperture radar satellites for dual use applications.

For further information:
Marta Newhart
Integrated Defense Systems
Viviana Panaccia
Alenia Spazio
+ 39 335 6512 358