Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Boeing Wins Pentagon Contracts Worth Close to $100 Million

Boeing (NYSE: BA  ) won (pieces of) two contracts awarded by the Department of Defense Thursday, contracts that could produce close to $99.7 million in combined revenue for the company and its partners.

The larger of the two awards, won by the Boeing-Textron (NYSE: TXT  ) joint venture Bell-Boeing Joint Project Office, takes the form of a $60.2 million modification to a previously awarded contract to produce production lots 17 to 21 of the V-22 Osprey tiltrotor aircraft for the U.S. Navy. Specifically, the modification orders Boeing to deliver one extra MV-22 Osprey to the U.S. Marine Corps by November 2016, in accordance with a "Variation in Quantity" clause in the original contract.

The smaller award, worth $39.5 million to Boeing (and not shared with anyone), likewise modifies a preexisting contract. Here, Boeing is asked to supply the Air Force with 1,601 tailkits -- used to turn "dumb bombs" into smart bombs -- for affixing to Joint Direct Attack Munitions (JDAM). This modification increases the total value of Boeing's Lot 17 production of the JDAM tailkits to $141.9 million. Delivery of the additional tailkits is expected by March 31, 2015.

Read/Post Comments (0) | Recommend This Article (2)

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: 2514515, ~/Articles/ArticleHandler.aspx, 5/27/2015 8:25:00 AM

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...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!