Boeing Wins $60.6 Million for F-18 Parts and Services

The Pentagon handed out $717.7 million worth of defense contracts on Monday, with Boeing (NYSE: BA  ) capturing 10% (two) of the 20 contracts awarded. Specifically, Boeing won:

  • a $52.9 million modification of a previously awarded firm-fixed-price Navy contract to supply jumper bundles, pylons, and bomb racks for installation on F/A-18E/F fighter jets and EA-18G electronic warfare aircraft. The named parts are hardware to which ordnance is attached on a warplane. Boeing's estimated delivery date on the hardware is May 2016.
  • a $7.7 million cost-plus-fixed-fee delivery order, placed under a previously issued basic ordering agreement. Boeing will supply provide equipment and services needed to support Follow-On Test and Evaluation work on the F/A-18E E66 Loads aircraft for the Navy. Delivery here is to be completed in May 2014.

Boeing shares closed Monday trading down 0.2%, at $98.72.


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