Systematic in lucrative deal with Boeing  

2009.04.06
Systematic, a Danish supplier of mission critical software solutions, has entered three collaboration agreements with US aerospace giant Boeing
Systematic, a Danish supplier of mission critical software solutions, has entered three collaboration agreements with US aerospace giant Boeing reports financial daily newspaper Børsen. As a result of the Boeing deals, the Århus-based company expects its annual revenues to be around DKK 1bn (USD 178m) by 2015.
 
Systematic CEO Michael Holm told Børsen: "At the same time we have signed an agreement with Boeing that guarantees us at least 10% of the combined contract sum if the US firm with its Super Hornet aircraft beats the competition to supply a new jet fighter to the Danish Air Force."
 
"For us it will mean combined revenues of DKK 2bn (USD 360m) over 20 years or DKK 100m (USD 17.8m) annually and 100 new high technology jobs," adds Holm.
 
The Danish government is scheduled to announce on 5 June this year if the air force will have the Super Hornet, the Joint Strike Fighter (JSF, officially called F-35), or the Swedish Gripen jet fighter, as a replacement for its aging fleet of F-16s.
 
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