COLOGNE, Germany, Oct. 12, 2015 /PRNewswire/
-- Boeing [NYSE: BA] today announced it has acquired
Peters Software GmbH ("Peters Software"), a market leading provider
of European Aviation Safety Agency (EASA) based training content
for early stage ("ab-initio") pilot training.
Located in Cologne, Germany,
Peters Software specializes in curriculum and materials for
commercial and private pilots operating in rapidly growing markets
aligned with EASA.
"The high-quality software that Peters Software develops
enhances Boeing's customized pilot training content to meet
specific needs of our customers," said Stan
Deal, senior vice president, Commercial Aviation Services,
Boeing Commercial Airplanes. "This acquisition allows Boeing
Flight Services to offer training materials consistent with the
standards set by the European Aviation Safety Agency, one of the
world's leading aviation regulatory authorities."
According to Boeing's Pilot and Technician Outlook, airlines
will need 558,000 new pilots over the next 20 years to support the
growth in the global fleet. This acquisition helps Boeing meet the
growing global demand for qualified aviation personnel.
Terms of the agreement are not being disclosed. Peters Software
and its team of approximately 20 full time employees joined Boeing
upon contractual signing.
"We value the expertise of the team in Cologne and welcome the Peters Software
employees to the Boeing Company," said Matthew Ganz, president Boeing Germany and
Northern Europe and vice president
European Technology Strategy. "This is an important step for Boeing
and provides new opportunities to the Peters Software team as
Boeing continues to grow its business, footprint and engagement in
Germany."
Boeing trains approximately 1,200 flight, maintenance, and cabin
safety personnel daily throughout its global training network.
Boeing provides a comprehensive portfolio of pilot, maintenance and
cabin safety training at 17 campuses on six continents.
Caution Concerning Forward-Looking
Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Words such as "may," "should," "expects," "intends,"
"projects," "plans," "believes," "estimates," "targets,"
"anticipates," and similar expressions are used to identify these
forward-looking statements. Examples of forward-looking
statements include statements relating to our future financial
condition and operating results, as well as any other statement
that does not directly relate to any historical or current
fact. Forward-looking statements are based on our current
expectations and assumptions, which may not prove to be
accurate. These statements are not guarantees and are subject
to risks, uncertainties, and changes in circumstances that are
difficult to predict. Many factors could cause actual results to
differ materially and adversely from these forward-looking
statements. Among these factors are risks related to: (1)
general conditions in the economy and our industry, including those
due to regulatory changes; (2) our reliance on our commercial
airline customers; (3) the overall health of our aircraft
production system, planned production rate increases across
multiple commercial airline programs, our commercial development
and derivative aircraft programs, and our aircraft being subject to
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include in-orbit incentive payments; (9) our dependence on our
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adverse developments in new or pending litigation and/or government
investigations; (14) customer and aircraft concentration in Boeing
Capital's customer financing portfolio; (15) changes in our
ability to obtain debt on commercially reasonable terms and at
competitive rates in order to fund our operations and contractual
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Additional information concerning these and other factors can be
found in our filings with the Securities and Exchange Commission,
including our most recent Annual Report on Form 10-K, Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K. Any
forward-looking statement speaks only as of the date on which it is
made, and we assume no obligation to update or revise any
forward-looking statement, whether as a result of new information,
future events, or otherwise, except as required by law.
Contact:
Kate Bergman
Boeing Commercial Airplanes (United
States)
+1 206-662-4963
Kate.m.bergman@boeing.com
Beatrice Bracklo
Boeing Germany
+49(30)77377-106
Beatrice.Bracklo@boeing.com
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SOURCE Boeing