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F-15K Offset Status

F-15K Offset Status. George White Korea Country Manager Industrial Participation Programs Boeing/Integrated Defense Systems. ROK F-X Offset Goals. More than 70% of Main Contract Amount Significant Increase over Guideline Amount of 30% Technology Transfer ~35% of Total

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F-15K Offset Status

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  1. F-15K Offset Status George White Korea Country Manager Industrial Participation Programs Boeing/Integrated Defense Systems

  2. ROK F-X Offset Goals • More than 70% of Main Contract Amount • Significant Increase over Guideline Amount of 30% • Technology Transfer • ~35% of Total • Acquire Technology to Independently Develop Indigenous Fighter by 2015 • Parts Manufacturing • ~40% of Total • Maintain Domestic Aerospace Industry: F-X Components, Commercial Aerostructures

  3. ROK F-X Offset Goals (Cont’d) • Depot Maintenance • ~25% of Total • Acquire Essential Depot Maintenance Capability Not Provided in Main Contract All Projects & Beneficiaries Specified by ROK MND

  4. Military Aerostructures Commercial Aerostructures F-15K Component Manufacturing Smart Structures Depot Maintenance Technology Transfer F-15K Offset Program Elements

  5. F-15K Offset Program Overview • $3.3B+ Total Negotiated Offset Value • 85% of Program Price, Excluding Engines • 30 Technology Transfer Projects / $1.5B Offset • 11 Parts Manufacturing Projects / $1.3B Offset • 2 Depot Maintenance Projects / $0.5B Offset • 12 Korean Beneficiaries • 5 Government – ADD, ROKAF, KIDA, DQAA, KARI • 7 Industry – KAI, KAA, Nex1 Future (LG Innotek), Samsung Thales, Daewoo Heavy, WIA, Hanwha

  6. $346 F-15 Wings/Fwds $844 10% Tech. Transfer 25% $447 Depot Maintenance 13% $96 Depot Maintenance 3% $665 Software Facility 20% $732 Comm’l/Apache $230 22% Suppliers 7% F-15K Negotiated Offset ($M) F-15-Related Other

  7. Technology Transfer

  8. Environmental Test Facility

  9. Electromagnetic Test Center

  10. Parts Manufacturing

  11. 1st KAI-Produced Apache Fuselage

  12. Depot Maintenance

  13. F-15K Offset Program Status • $287.0M in Approved Offset Credit Through 2Q’04 (8.5% of Total) • Technology Transfer • 4 Projects Completed, 15 Projects Ongoing • Parts Manufacturing • All Subcontracts Finalized with Korean Partners • Delivery of Korean Manufactured Components Underway • Depot Maintenance • Special Repair Shop: P.O.’s Placed for 32 of 36 Items; Delivery of Equipment Underway; Overseas Training Completed • Major Structural Repair: TAA to Be Finalized with the ROKAF by End of CY-’04

  14. ROK Offset Visitors to St. LouisOver 200 Visitors, Avg of 28 Per Month ’04-’07

  15. F-15K Offset Credit Plan

  16. F-15K Offset Program Summary • Program Is Underway and On-Track • Meets or Exceeds All ROK Requirements • Continuation of 50-Year Partnership Between Boeing and Korea • Provides Tangible Benefits, Applicable to Indigenous Fighter & Other R&D Pursuits • Provides Near/Mid Term Revenues & Jobs; Longer Term Business Potential with Eagle Team • Boeing Will Deliver for Korea

  17. Boeing Offset Track Record • Over $20B in World-Wide Offset Commitments Completed On-Time or Ahead of Schedule • Boeing is Currently Implementing Over $10B in Offset Programs • ~ 30 Programs in 20 Countries • Over 35 Campaigns Ongoing in Over 25 Countries Boeing Takes Its Offset Commitments Seriously

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