The U.S. Department of Defense announced the award of 10 separate contracts Wednesday, worth a bit over $340 million in aggregate value. Among the several recipients, one company came away as the clear winner of Pentagon largesse: Boeing (NYSE:BA).
Boeing won three of the contracts on offer, claiming more than $100 million in new revenues as its prize. Specifically, the company was awarded:
- $75.6 million: in the form of a firm-fixed-price and cost-reimbursable contract to develop courseware to train Royal Saudi Air Force fighter pilots to fly the "unique, non-commercial" F-15SA variant of Boeing's F-15 fighter jet. Work on this foreign military sales contract should be complete by July 19, 2019.
- $17 million: as a cost-plus-incentive-fee, cost-plus-fixed-fee delivery order to do "phase 1" work on integrating Raytheon's new Next Generation Jammer hardware into the design of Boeing's EA-18G Growler electronic warfare aircraft. Work on this project should run through October 2014.
- $8.1 million: as a firm-fixed-price delivery order to supply 84 AYC 1439 A1 retrofit kits needed to upgrade Navy F/A-18 E/F fighter jets. This contract should be completed by February 2016.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Raytheon. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.