Boeing Wins $112 Million for JUMPS, JDAM, and Helo Work

The Department of Defense issued $1.3 billion worth of new contract awards Friday. While privately held companies won the bulk of the funding, one publicly traded firm in particular made out pretty well. With $112.1 million in total awards spread across three contracts, Boeing (NYSE: BA  ) won nearly 7% of the funds granted Friday. Its contracts included:

  • A $9.6 million cost-plus-fixed-fee contract to subsidiary Argon ST, to support the Joint Unified Multi-Capable Protection System research and development program, which aims to improve the performance and analysis of signals intelligence for the Army.
  • A $36.6 million modification to a previously awarded firm-fixed-price contract to supply composite main rotor blades for Army Apache Block III helicopters.
  • A $65.9 million firm-fixed-price contract to supply 2,701 Lot 17 Joint Direct Attack Munition tailkits -- accessories that turn "dumb bombs" into "smart bombs." Work on this largest of Boeing's three contract wins should be complete by March 31, 2015.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2362122, ~/Articles/ArticleHandler.aspx, 10/13/2015 7:09:35 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Rich Smith

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.

Today's Market

updated Moments ago Sponsored by:
DOW 17,081.89 -49.97 -0.29%
S&P 500 2,003.69 -13.77 -0.68%
NASD 4,796.61 -42.03 -0.87%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/13/2015 4:00 PM
BA $140.29 Down -0.39 -0.28%
The Boeing Company CAPS Rating: ****