Boeing Wins Defense Contracts for F-15, F-18 Work

Will supply and integrate parts for Saudi F-15SA fighter jets, U.S. Navy F-18s and EA-18Gs.

Feb 12, 2014 at 6:50PM

The Department of Defense awarded 12 defense contracts Wednesday, worth a total of $466.2 million. Boeing (NYSE:BA) didn't win the biggest of these awards -- that went to a privately owned construction firm doing work on Balad Air Base in Iraq, in preparation for the arrival of the Iraqi Air Force's new Lockheed Martin (NYSE:LMT)-built F-16 fighter jets -- but Boeing did win the second biggest contract, and a second contract for good measure.

Boeing's biggest contract win was a $51.2 million contract modification, instructing the company to supply and integrate additional weapons systems, ARC-210 RT 1990 Gen 5 radios, and aluminum-composite honeycomb structural parts into Royal Saudi Air Force F-15SA fighter jets. Work on this contract should be completed by Feb. 29, 2020.

Boeing's second award, worth $19 million, was a delivery order under a pre-existing contract to supply major structural repair and maintenance equipment for U.S. Navy F/A-18E/F fighter-bombers and EA-18G electronic warfare aircraft. Delivery on this order is due January 2018.

Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. 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.

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