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

Will produce dozens of F/A-18 fighter-bombers and electronic warfare aircraft, plus other equipment, for the U.S. and its allies.

Jul 1, 2014 at 11:11AM

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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4 in 5 Americans Are Ignoring Buffett's Warning

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Jun 12, 2015 at 5:01PM

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David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.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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