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Boeing Wins $750 Million B-1 Bomber Contract

The Department of Defense announced 18 new defense contracts Monday, worth $1.29 billion in total value. The big winner of the day was Boeing (NYSE: BA  ) , which landed a combined $818.98 million via three separate contracts -- 63% of the funds on offer. These included:

  • A $750 million firm-fixed-price, cost-plus-fixed-fee, cost-plus-incentive-fee, time and material, indefinite-delivery/indefinite-quantity contract to provide integrated engineering services for U.S. Air Force B-1 bombers through at least Dec. 31, 2014. Boeing will be performing detailed design engineering work, maintenance engineering, computer network support, technical analysis, and other work on the aircraft and their weapons systems. This contract is divided into a one-year "base" period, and four subsequent one-year-long option periods.
  • A $46.6 million delivery order issued under a previously issued basic ordering agreement to provide integrated logistics and engineering work on F/A-18A-D and F/A-18E/F fighter jets, and also on EA-18G electronic warfare aircraft, operated by the U.S. Navy and also by the militaries of Australia, Canada, Finland, Kuwait, Malaysia, Spain, and Switzerland. All work is to be completed by December 2014.
  • A $22.2 million delivery order issued under a previously issued basic ordering agreement to supply automated maintenance environment integrated software for F/A-18E/F fighters and EA-18G electronic warfare aircraft operated by the U.S. Navy and the Australian military only. This work will be completed by December 2015.

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Rich Smith

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

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11/30/2015 4:00 PM
BA $145.45 Down -1.50 -1.02%
The Boeing Company CAPS Rating: ****