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PRESS RELEASE
Issued by: Boeing Defense, Space & Security

Boeing, Falck Schmidt Defence Systems to explore fuel cell and composite applications
Tuesday, 10 November 2009

The Boeing Company [NYSE: BA] and Odense-based Falck Schmidt Defence Systems A/S today announced that Boeing Research & Technology will assess Falck Schmidt fuel cell products for potential use in Boeing renewable-energy power systems for military platforms.

The announcement followed the signing of a Memorandum of Understanding between the two companies that also points to potential opportunities for the use of Falck Schmidt composite components and materials in Boeing Integrated Defense Systems (IDS) rotorcraft programs.

"This relationship with Boeing presents the opportunity to expand our proven power solutions to new fuel-cell applications that would offer armed forces significant operational advantages at better cost and with cleaner energy," said Jan Falck-Schmidt, president and CEO of Falck Schmidt Defence Systems. "We also look to expand our composite technology used in ground-based applications -- which have proven their capability in current military operations including in Afghanistan -- to rotorcraft systems.

"This cooperation between Boeing and Falck Schmidt Defence Systems would not only contribute directly to our own growth, but also to the growth of the broader Danish industrial base," added Falck-Schmidt, who is also the chairman of FAD, the Defence & Aerospace Industries Association in Denmark.

"Falck Schmidt is a key player in the Danish defense industry, providing proven power-supply solutions and composite materials to ground forces around the world," said Tom Bell, vice president of Business Development for Boeing Military Aircraft, a division of IDS. "As they adapt their technologies for aerospace, we see natural links to Boeing's current research and development activities."

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