Boeing Wins Contracts to Supply Drones, Apache Attack Helicopters

Boeing (NYSE: BA  ) secured three new contracts in the Department of Defense's latest issuance of defense contracting awards on Wednesday. Specifically, the aerospace giant won:

  • $11.8 million: in the form of an option exercise on a cost-plus-incentive-fee contract previously awarded to its Insitu drone-building subsidiary. The option provides for Insitu to supply one Low Rate Initial Production land-based, small tactical unmanned aircraft system, plus associated testing and logistical support. The new drone will be delivered to the U.S. Navy by May 2014.
  • $14.3 million: an add-on to a previously awarded firm-fixed-price, foreign military sales contract to supply Apache Block III aircraft and associated parts and services to the government of Saudi Arabia.
  • a significantly larger $69.2 million award modifying a related foreign-military-sales contract -- again for the supply of Apaches and associated parts and services to the Saudis. 

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