To: Edward F. Horst Jr. who wrote (732 ) 10/8/1998 6:50:00 PM From: Mohan Marette Read Replies (2) | Respond to of 2339
Edward: Couldn't agree with you more. A few more of 'these' and a good earnings would sure help.A bit of optimistic outlook from the company (unlike the last one)at the time of the conference call on 22nd won't hurt either. I almost bought more but didn't yet. Thursday October 8, 1:11 pm Eastern Time Company Press Release SOURCE: i2 Technologies, Inc.Boeing Selects i2 Technologies' Solution to Support C-17 Fleet of Aircraft C-17 Program Part of Larger U.S. Air Force Strategy to Reduce Operation and Support Costs IRVING, Texas, Oct. 8 /PRNewswire/ -- i2 Technologies, Inc. (Nasdaq: ITWO - news) today announced that The Boeing Company (NYSE: BA - news) has licensed i2's RHYTHM(R) solution as part of its support program for the U.S. Air Force C-17 aircraft. The program, entitled the C-17 Flexible Sustainment Program, is designed to provide the U.S. Air Force with world class sustainment of the C-17 fleet of aircraft. Boeing will use i2's RHYTHM solution to manage the thousands of spare parts required to safely maintain the C-17 aircraft. The goal of the program is to improve logistics support and mission readiness while reducing operation and inventory costs. The Boeing Company, after its 1997 merger with McDonnell Douglas and its 1996 acquisition of the defense and space units of Rockwell International, became the largest aerospace company in the world. Boeing is the world's largest manufacturer of commercial jetliners, military aircraft, and the nation's largest NASA contractor. Company revenues were $22.7 billion in 1996 and $45.8 billion in 1997. Planners at Boeing will use the RHYTHM solution to provide decision support and technology for the Boeing Spares Requirements and Allocation Model (BSRAM). BSRAM is designed to optimize the inventory management and distribution management of C-17 spare parts. Using RHYTHM, the BSRAM model will forecast spare part usage and optimal distribution to meet U.S. Air Force performance targets, while supporting low cost of operations. The Boeing BSRAM model and the Flexible Sustainment Program are part of an overall U.S. Air Force effort to improve efficiencies and reduce costs, while maintaining high readiness and operational performance. As part of that plan, Boeing entered into an eight-year agreement with the U.S. Air Force for the support and maintenance of the growing fleet of C-17 aircraft. Boeing expects to have the RHYTHM model implemented and producing results in January 1999. ''It is not just that there are thousands of spare parts for the C-17,'' said Jay Kappmeier, General Manager of Boeing's C-17 Flexible Sustainment Program. ''It is an expensive inventory as well.'' ''Boeing is working with the U.S. Air Force to operate the C-17 program like a private-sector business,'' continued Kappmeier. ''The BSRAM model, together with i2's expertise and technology, is central to our success.'' ''The contract with Boeing propels i2 into a exciting new frontier.'' said Sanjiv Sidhu, Founder and CEO of i2 Technologies. ''Our expertise in demand planning and optimization will be pivotal to the success of i2 and Boeing with this extremely challenging project.''