Boeing Wins Three Defense Contracts Friday

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The U.S. Department of Defense announced no fewer than 35 separate contract awards, worth a combined $1.78 billion Friday. Of these, Boeing (NYSE: BA  ) won two contracts cleanly, and part of a third:

  • $24.1 million: to supply rotary wing blades for U.S. Army helicopters through Aug. 31, 2015.
  • $22.7 million: via a modification to a previously awarded contract to develop and demonstrate the new AH-64 Apache Block III attack helicopter. The latest iteration of the Apache, the Block III is said to include upgrades permitting, for example, the in-flight control of unmanned aerial vehicles from aboard the helo, as well as a new split-torque face gear transmission that boosts power throughout by more than 20% over previous versions of the Apache.

AH-64 Apache Block III, Source: Boeing

  • $8.9 million: via an award to the Bell Boeing Joint Project Office, through which Boeing collaborates with Textron's (NYSE: TXT  ) Bell Helicopter in the production of V-22 Osprey tiltrotor aircraft. This contract orders the JPO to supply 10 V-22 Block A to B 50-69 series upgrade kits and ten V-22 Block A to B 50-69 series installs for the U.S. Naval Air System Command.

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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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Related Tickers

10/6/2015 4:03 PM
BA $134.63 Up +0.61 +0.46%
The Boeing Company CAPS Rating: ****
TXT $39.56 Up +0.19 +0.48%
Textron, Inc. CAPS Rating: ****