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Boeing Wins up to $2.11 Billion in Navy F-18 and EA-18G Fighter Contracts

Boeing (NYSE: BA  ) was one of the biggest winners in last night's announcement of defense contracts awarded by the Pentagon. Out of the 38 contracts awarded, and $7.14 billion in total value, Boeing claimed four wins -- likely to yield revenues worth $2.11 billion in total.

Boeing's biggest win of the day was a $1.94 billion contract to supply the U.S. Navy with 38 F/A-18E full rate production 11 Lot fighter-bombers and 21 EA-18G Growler electronic warfare aircraft. Additionally, Boeing will deliver to the government of Australia 12 more Growlers in a deal more than a year in the making. All of these deliveries should be complete by December 2016.

Boeing's EA-18G Growler. Photo: Wikimedia Commons

Additionally, Boeing won:

  • A $135.2 million foreign military sales contract to perform Apache post-production support services work for the government of Saudi Arabia through Sept. 30, 2019.
  • An undefinitized (i.e., final price not yet set) contract action to produce up to $22.2 million worth of F/A-18E/F Infrared Search and Track Engineering Development Model systems and support equipment for the U.S. Navy by September 2015.
  • And finally, an $11.5 million contract to perform E-3 Engineering Services work for the U.S. Air Force, the governments of France, Saudi Arabia, and the United Kingdom, and for NATO. This contract will run through May 31, 2017.

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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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8/27/2015 4:03 PM
BA $131.87 Up +2.53 +1.96%
The Boeing Company CAPS Rating: ****