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Boeing Wins Defense Contracts for Satellite Radios, Apache Helo Parts

The Department of Defense announced 13 new defense contracts Wednesday, worth $1.14 billion in aggregate. Boeing (NYSE: BA  ) won two of them:

  • A new $19.3 million firm-fixed-price contract to pay for the labor, material, and other resources necessary to acquire 2,040 AN/PRQ-7A CSEL handheld radios, and accessories for the U.S. Air Force. This smaller contract will run through Jan. 29, 2015. Boeing describes the CSEL handheld radio as a system of secure communications that allows a soldier to communicate his position, and also to send text messages through the CSEL UHFSATCOM satellite radio network.
  • A $59.6 million contract modification exercising a third option-year three on a preexisting performance-based logistics contract to acquire "unique components" needed to build AH-64D Apache attack helicopters for the U.S. Army. This option-year extension will continue the original contract through Oct. 31, 2014.

 

Boeing's AH-64D Apache attack helicopter. Source: Wikimedia Commons


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  • Report this Comment On October 31, 2013, at 9:15 PM, quasimodo007 wrote:

    Boeing has laid off so many hourly workers over the Years so they will be Outsourcing US Jobs to Overseas .

    but the corrupt CEO has gotten HUGE millions Dollars Bonuses and huge Billions Dollars TAX breaks from the evil GOp congress but nothing for THE HOURLY workers but layoff .

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Rich Smith
TMFDitty

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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9/3/2015 1:10 PM
BA $131.13 Up +0.50 +0.38%
The Boeing Company CAPS Rating: ****