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    <TITLE>Boeing Mil. Aircraft & Syst. President Micheal Sear's Speech to 1998 NATO Workshop, Vienna</TITLE>
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    <P ALIGN="CENTER"><FONT COLOR="000000" SIZE="6" FACE="Palatino">Economic
      Implications of European Security:<BR>
       a Perspective from the Boeing Company </FONT></P>
    
    <P ALIGN="CENTER"><FONT COLOR="000000" SIZE="4" FACE="Palatino">Mr.
      Michael M. Sears<A HREF="0_FN0.htm"><SUP></SUP></A>, President</FONT></P>
    
    <P ALIGN="CENTER"><FONT COLOR="000000" SIZE="4" FACE="Palatino">Military
      Aircraft and Systems, The Boeing Company</FONT></P>
    
    <P ALIGN="CENTER"><FONT COLOR="000000" SIZE="3" FACE="Palatino"><B>SHARING
      COMMON VALUES</B></FONT></P>
    
    <P ALIGN="LEFT"><FONT COLOR="000000" SIZE="3" FACE="Palatino">NATO, the
      most successful alliance the world has ever seen, has lasted longer than
      any other alliance in this century. And we in America value it.
      We also value forums like the Workshop that help to build a better
      understanding of key issues and foster the kind of cooperation so
      essential in <I>successfully</I> meeting NATO&#146;s enduring challenges.
      </FONT></P>
    
    <P ALIGN="LEFT"><FONT COLOR="000000" SIZE="3" FACE="Palatino">Alliances
      that endure do so because the partners have shared cultural values. NATO
      partners believe in freedom, both political and economic, and in security.
      When called upon, they are ready to defend these beliefs. Our
      Alliance shares a common approach to military affairs and shares the same
      values in the way we do business. </FONT></P>
    
    <P ALIGN="LEFT"><FONT COLOR="000000" SIZE="3" FACE="Palatino">But sharing
      goes both ways. That&#146;s why, as a leading member of the
      international defense community, we at Boeing believe that <I>understanding
      and cooperation </I>have now become essential to industry&#146;s ability
      to deliver high-quality, low-cost systems to our NATO forces. We
      must understand our military customers&#146; requirements and cooperate
      with local industry. Cooperation in the form of expanded industrial
      partnerships, we believe, is where true economic opportunities exist for
      NATO partners. </FONT> </P>
    
    <P ALIGN="CENTER"><FONT COLOR="000000" SIZE="3" FACE="Palatino"><B>BOEING
      AND THE DEFENSE ACQUISITION PROCESS</B></FONT></P>
    
    <P ALIGN="LEFT"><FONT COLOR="000000" SIZE="3" FACE="Palatino">When it
      comes to the defense acquisition process, we at Boeing believe we have
      several responsibilities: </FONT></P>
    <UL>
      <LI><FONT COLOR="000000" SIZE="3" FACE="Palatino">First, to really <I>understand</I>
        the objectives and requirements of our military customers&#151;not to
        tell them what they should have, but to listen to what they want and
        need; </FONT></LI>
      <LI><FONT COLOR="000000" SIZE="3" FACE="Palatino">Second, to turn loose
        our technological creativity; </FONT></LI>
      <LI><FONT COLOR="000000" SIZE="3" FACE="Palatino">Third, to make the
        necessary investments in plants, equipment, and people; </FONT></LI>
      <LI><FONT COLOR="000000" SIZE="3" FACE="Palatino">Fourth, to lead or
        participate in the best industrial team for each program; </FONT></LI>
      <LI><FONT COLOR="000000" SIZE="3" FACE="Palatino">And fifth, to be
        relentless in our commitment to better quality and lower costs. </FONT></LI>
    </UL>
    
    <P ALIGN="LEFT"><FONT COLOR="000000" SIZE="3" FACE="Palatino">That&#146;s
      what we&#146;re in business to do. And therein lies one of the most
      important economic implications for European security. </FONT></P>
    
    <P ALIGN="LEFT"><FONT COLOR="000000" SIZE="3" FACE="Palatino">When we look
      to carry out those responsibilities in the NATO marketplace, we understand
      that we cannot be effective in Europe unless we work at it day in and day
      out, on the ground, full time&#151;not simply as a provider from afar, but
      also working with European governments, and as a partner with European
      industry. We must become part of the fabric of life in the
      communities and countries in which we intend to do business. Our
      Chief Executive Officer, Philip Condit, has said publicly on more than one
      occasion that Boeing must go further than it has ever gone before in
      expanding its international presence. And we must work vigorously to
      enlist cooperation and participation in the design, development, and
      production of new generations of aerospace products. </FONT></P>
    
    <P ALIGN="LEFT"><FONT COLOR="000000" SIZE="3" FACE="Palatino">Plain and
      simple, we are committed to significantly expanding our participation in
      customer markets. In fact, the process has already begun:</FONT></P>
    <UL>
      <LI><FONT COLOR="000000" SIZE="3" FACE="Palatino">Boeing Company is an
        important export customer for many European countries. In the UK,
        for example, Boeing buys more aerospace exports than any single nation.
        In 1997, we bought 1.5 billion pounds&#146; worth of UK aerospace
        products, supporting over 70,000 UK jobs and more than 225 separate UK
        companies. </FONT></LI>
      <LI><FONT COLOR="000000" SIZE="3" FACE="Palatino">Our partnership with
        the Czech Republic aircraft manufacturer Aero Vodochody is a signature
        example of the way we intend to participate globally. Through this
        partnership, we&#146;re working hard to better understand the Czech
        Republic and its military and civilian markets. We&#146;ve
        identified a partner capable of designing and producing high-quality,
        low-cost aerospace products that will help us compete more effectively
        around the world. Right now we are in the process of transferring
        25 to 30 Boeing executives and technicians to work in this Czech
        aerospace company&#151;day in, day out. </FONT></LI>
    </UL>
    
    <P ALIGN="CENTER"><FONT COLOR="000000" SIZE="3" FACE="Palatino"><B>DEVELOPING
      GLOBAL PARTNERSHIPS</B></FONT></P>
    
    <P ALIGN="LEFT"><FONT COLOR="000000" SIZE="3" FACE="Palatino">Establishing
      our presence among our European customers to better understand their
      expectations and requirements is one of the economic implications of
      European security. But it is only part of the answer. The
      products we in the aerospace industry provide NATO must be of the highest
      quality possible, at a price member-countries can afford. To do
      that, we in the industry must develop a network of global partnerships.
      And that statement leads me to one key truth: None of us can
      provide for the security of NATO alone. No one country, no single
      industrial enterprise, has all the know-how, all the resources, and all
      the answers. Whether it&#146;s aircraft, missiles, or any other
      defense system, it is an industrial <I>team</I> that is out there
      developing and producing equipment that will do things never done before,
      at levels of reliability and accuracy never achieved before, and with cost
      pressures beyond any we have experienced before. </FONT></P>
    
    <P ALIGN="LEFT"><FONT COLOR="000000" SIZE="3" FACE="Palatino">It is tough
      and demanding work&#151;on the technical <I>and</I> the management sides
      of the equation. And to be done right, this work requires the best
      of NATO&#146;s industrial base. None of us has a monopoly on
      leading-edge technology or brilliant scientists. That is not to say
      that competition is somehow going to go away. Competition will
      remain strong and tough, as it should. It will continue to make all
      of us in the industry better, urging us to find ways to advance
      technology, lower costs, improve program performance&#151;and to deliver
      all that to our armed forces. </FONT></P>
    
    <P ALIGN="LEFT"><FONT COLOR="000000" SIZE="3" FACE="Palatino">My main
      message is simple: Strong transatlantic industrial partnerships
      generate economic and technological benefits for all of us. These
      partnerships: </FONT></P>
    <UL>
      <LI><FONT COLOR="000000" SIZE="3" FACE="Palatino">Provide direct work on
        aerospace products; </FONT></LI>
      <LI><FONT COLOR="000000" SIZE="3" FACE="Palatino">Advance the
        technological development of member-nations; and </FONT></LI>
      <LI><FONT COLOR="000000" SIZE="3" FACE="Palatino">Strengthen economies.
        </FONT></LI>
    </UL>
    
    <P ALIGN="LEFT"><FONT COLOR="000000" SIZE="3" FACE="Palatino">And we all
      know that strong economies contribute immeasurably to the security of the
      Alliance and generate resources to focus on other important needs. </FONT></P>
    
    <P ALIGN="LEFT"><FONT COLOR="000000" SIZE="3" FACE="Palatino">We at
      Boeing, and many of you in this audience , have seen it work. We
      have a history of developing successful partnerships with European
      industry, partnerships that have developed and produced some of NATO&#146;s
      best peacekeeping equipment. These partnerships have also brought
      economic benefits to both sides of the Atlantic. For example,
      McDonnell Douglas, now the new Boeing Company, has been a close partner of
      British Aerospace for many years&#151;each of us builds half of the T-45
      trainer and half of the Harrier. These two programs are excellent
      examples of European involvement in products used by American defense
      forces. In the future, programs such as the Joint Strike Fighter
      will offer true growth opportunities for continued industrial and military
      cooperation of this kind. </FONT></P>
    
    <P ALIGN="LEFT"><FONT COLOR="000000" SIZE="3" FACE="Palatino">There are a
      number of other successful industrial/military partnerships: </FONT></P>
    <UL>
      <LI><FONT COLOR="000000" SIZE="3" FACE="Palatino">The partnership of
        CASA, Alenia, BAe, and Boeing developed a radar-equipped Harrier&#151;the
        Harrier II Plus, which is in service in Italy, Spain, and the United
        States. </FONT></LI>
      <LI><FONT COLOR="000000" SIZE="3" FACE="Palatino">GKN Westland in the UK
        is building 67 Apache helicopters. Boeing in Mesa, Arizona,
        produces Apache kits, powered by Rolls Royce engines, and nacelles and
        horizontal stabilizers are built by Shorts in Northern Ireland. Assembly
        is in Britain. Westland is the prime contractor; Boeing is the sub
        contractor. This is a partnership all the way around. </FONT></LI>
      <LI><FONT COLOR="000000" SIZE="3" FACE="Palatino">Then there&#146;s the
        Harpoon. Many of us here know that the Harpoon anti-ship missile
        system is the result of a leading long-term international development
        and production collaboration. </FONT></LI>
    </UL>
    
    <P ALIGN="LEFT"><FONT COLOR="000000" SIZE="3" FACE="Palatino">Boeing
      partnerships on the commercial side are just as striking: </FONT></P>
    <UL>
      <LI><FONT COLOR="000000" SIZE="3" FACE="Palatino">Snecma builds the
        engines for our next-generation 737&#151;a program expected to generate
        about $7 billion in revenue for Snecma during the first eight years of
        the program. </FONT></LI>
      <LI><FONT COLOR="000000" SIZE="3" FACE="Palatino">Half of Boeing&#146;s
        newest jetliner, the 100-passenger 717, is built by European companies,
        including Austria&#146;s Fisher Advanced Composite Components. </FONT></LI>
      <LI><FONT COLOR="000000" SIZE="3" FACE="Palatino">The Boeing Commercial
        Airplane Group expects to provide almost $14 billion in revenues to
        European partners over the next five years, supporting more than 90,000
        jobs in Europe annually. </FONT></LI>
      <LI><FONT COLOR="000000" SIZE="3" FACE="Palatino">The International
        Space Station, a 16-nation partnership, has 11 partners from the
        European Space Agency. </FONT></LI>
    </UL>
    
    <P ALIGN="LEFT"><FONT COLOR="000000" SIZE="3" FACE="Palatino">All told,
      Boeing works with more than 435 European companies, large and small, in 19
      countries. We are the prime contractor on some programs and a
      subcontractor on others&#151;just as it should be. And from all of
      this work, from our perspective, it is abundantly clear: When we &#147;think
      global&#148; and &#147;act global,&#148; our customers get the highest
      quality product, produced by the most skilled teams, wherever those teams
      may be, and they get it at the best price. </FONT> </P>
    
    <P ALIGN="CENTER"><FONT COLOR="000000" SIZE="3" FACE="Palatino"><B>CONCLUDING
      REMARKS</B></FONT></P>
    
    <P ALIGN="LEFT"><FONT COLOR="000000" SIZE="3" FACE="Palatino">Understanding
      our customers and their requirements, developing transatlantic links and
      industrial partnerships, providing higher-quality and lower-cost defense
      systems&#151;to accomplish all this takes time, and it takes dedication,
      commitment, and vision. The commitment is demanding, but the rewards
      are worth it. If we do our jobs right, the security benefits for
      NATO, and the economic opportunities for its member-countries, will
      continue to grow. And we can all look forward to the new century
      with hope and confidence in the future of this great Alliance.</FONT></P>
    
    <P ALIGN="LEFT"><A HREF="sears98.htm">Go to Top of Page</A><BR>
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    <P ALIGN="LEFT"><A HREF="workshop98.htm">Return to Vienna '98</A><BR>
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    <P ALIGN="LEFT">Copyright &copy; 1998 Center for Strategic Decision
      Research</P>
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