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Boeing Wins $81.5 Million in Defense Contracts

Over the past two in-sequester days, the Pentagon has awarded a total of 42 separate contracts to various contractors, worth well over $4 billion in aggregate.

Among many beneficiaries, Boeing (NYSE: BA  ) won a total of three contracts in two days:

  • A $22.5 million contract to perform in-the-field servicing on the U.S. Army's CH-47 Chinook helicopter fleet at various locations to be determined later. The estimated completion date on this work is Sept. 30, 2015.
  • A $17.9 million contract to perform similar work on non-deployed CH-47 Chinooks, also with a Sept. 30, 2015, completion date.
  • And finally, a $41.1 million contract to provide for the incremental funding to support upgrades on AH-64 Apache attack helicopters to the Block III configuration, also known as the AH-64E, and nicknamed the "Apache Guardian" helicopter. Full-rate production on the AH-64E was approved in October of last year. Work on this project is expected to be completed by Sept. 30, 2014.

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Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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9/2/2015 4:03 PM
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