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


Read/Post Comments (1) | Recommend This Article (0)

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.

  • 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 .

Add your comment.

DocumentId: 2708801, ~/Articles/ArticleHandler.aspx, 4/16/2014 1:36:45 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...

Today's Market

updated 4 hours ago Sponsored by:
DOW 16,262.56 89.32 0.55%
S&P 500 1,842.98 12.37 0.68%
NASD 4,034.16 0.00 0.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

4/15/2014 4:02 PM
BA $124.27 Up +1.02 +0.83%
The Boeing Company CAPS Rating: ***

Advertisement