Boeing announced a new partnership with the U.K. government on Monday, involving a contract to buy nine new P8 maritime patrol aircraft, deliver 50 Apache AH-64E attack helicopters and boost spending and create jobs in Britain.
"Boeing and the government intend to work together to build a new £100 million ($129 million) P-8A operational support and training base at RAF Lossiemouth in Scotland, creating more than 100 new jobs," Cameron's office said in a statement ahead of his visit to the Farnborough air show.
In total, Boeing's new investment plan should create 2,000 new jobs in the U.K., as well as "additional bidding opportunities and competitiveness initiatives" for British suppliers.
Other key parts of the initiative include:
- Boeing will make the U.K. its European base for training, maintenance, repair and overhaul for its defense fixed-wing and rotary platforms.
- Boeing will make the U.K. a base for defense exports to Europe and the Middle East.
Boeing's announcement came just weeks after the U.K. voted to leave the European Union, in a move that raised concerns about companies pulling back investment from the U.K. The plan will be a welcome boost for the U.K. government as it grapples with political and economic uncertainty.
"We've doubled our presence in the U.K. over the past five years (and) we're going to continue to invest here. We don't really see our plans changing," Boeing CEO Dennis Muilenburg told CNBC at the U.K.'s Farnborough Airshow.
Boeing and the U.K. government said they would review the progress of their partnership each year at the Paris and Farborough air shows, beginning in 2017.