Boeing Australia Limited Sells Nomad Aircraft Certification Authority to Gippsland Aeronautics

BRISBANE, AUSTRALIA, June 18, 2008 -- Boeing [NYSE: BA] subsidiary Boeing Australia Limited has sold certification authority for the twin turboprop Nomad aircraft to Australia-based general aviation manufacturer Gippsland Aeronautics.

The sale includes technical and spares sales support and all intellectual property for the Nomad aircraft worldwide. Financial terms are not being disclosed.

"The Nomad has a bright future," said David Withers, president of Boeing Australia Limited. "We're delighted with Gippsland's plan to continue providing outstanding support to existing customers while greatly expanding the market for this remarkably versatile, Australian-designed aircraft."

The Hon. Greg Combet MP, the Commonwealth of Australia Parliamentary Secretary for Defence Procurement, said the government has supported the Nomad program since its beginnings. "Our desire for the Nomad type certificate to remain in Australia has been fully realized through this sale to Gippsland Aeronautics," Combet said.

Gippsland Aeronautics Chairman Gary Wight said Gippsland is pleased to be part of the Nomad's future. "We're committed to continuing the high standard of support Boeing has delivered to existing Nomad operators around the world," he said.

Wight added that Gippsland was looking forward to possibly presenting the aircraft to the world market as the Next-Generation Nomad. "The versatile Nomad will complement Gippsland's rugged GA8 Airvan multirole utility aircraft," he said.

Global demand for the Nomad could exceed 400 aircraft in the next 10 years, according to independent research carried out by Australian firm Connell Wagner and Asia Pacific Air Services on Gippsland's behalf.

The Australian Government Aircraft Factory, later renamed Aerospace Technologies of Australia Ltd. (ASTA), designed the Nomad in 1965. The first prototype flew in 1971, and production concluded in 1984. Fifty-four Nomads remain operational worldwide.

Boeing Australia Limited acquired the Nomad type certificate in 1996 after The Boeing Company purchased the Rockwell group of businesses, including ASTA. Boeing maintained ASTA's close working relationship with the Commonwealth to support and maintain the aircraft's regulatory type requirements.

Gippsland Aeronautics is a leading general aviation aircraft manufacturer with the capability to take an aircraft from concept through development, certification, manufacturing, sales and marketing on a global basis. It exports its GA8 (Airvan) passenger/freight/utility aircraft and GA200 light agricultural aircraft to more than 28 countries around the world. The company employs 115 staff and is based at Latrobe Regional Airport in Morwell, Victoria.
Boeing Australia Limited, a wholly owned Boeing subsidiary that reports to Boeing International Support Systems, is a high-technology aerospace company specializing in the installation and support of systems for defense and commercial customers. It is one of the leading aerospace companies in Australia, employing more than 2,500 people across 16 sites.
A unit of The Boeing Company, Boeing Integrated Defense Systems is one of the world's largest space and defense businesses specializing in innovative and capabilities-driven customer solutions. Headquartered in St. Louis, Boeing Integrated Defense Systems is a $32.1 billion business with 71,000 employees worldwide.
Contact Info:
Jenny Waller
Senior Communications Advisor
Boeing Australia Limited
+61 7 3848 7319
Gary Wight
Gippsland Aeronautics
+61 3 5172 1200
Australian Defence Media Liaison
+61 2 6265 3343