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Boeing Wins Foreign Military Sales Contracts Worth $132 Million

The Department of Defense awarded Boeing (NYSE: BA  ) not one, not two, but three separate contract wins Tuesday, worth upwards of $132 million in aggregate.

The smallest award, for $7.7 million, is a firm-fixed-price, foreign military sales contract to provide "sustainment services" for Apache AH-64D attack helicopters operated by the Dutch military. A second award, for $15.4 million, also concerns foreign military sales, calling on Boeing to supply Apache Block III helos to Saudi Arabia.

As for the largest of the three awards, it, too, is a foreign military sales contract -- and like the second contract, it relates to Saudi Arabia. Boeing was awarded a $109.5 million modification, increasing the value of a previously awarded firm-fixed-price, foreign military sales contract to provide services in support of the Royal Saudi Land Force Aviation Command. DoD notes that the total value of this FMS contract is now approaching $395 million.

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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.

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10/9/2015 9:50 AM
BA $139.42 Up +0.38 +0.27%
The Boeing Company CAPS Rating: ****