Boeing Lands $106.2 Million in New Pentagon Contracts

Aerospace company will supply JDAM bomb kits to the Air Force, maintain Apache helos for the Army.

Rich Smith
Rich Smith
Mar 17, 2013 at 5:45AM

On Friday, the Department of Defense awarded Boeing (NYSE:BA) two contracts worth a combined $106.2 million.

The first, and by far the larger, contract awards Boeing $99 million in the form of a "firm-fixed-price, cost-plus-fixed-fee and indefinite-quantity/indefinite-delivery contract" to supply the Air Force with Joint Direct Attack Munitions. As an IDIQ contract, these munitions (actually, guidance kits affixed to bombs) will be ordered on an as-needed basis, with Boeing getting paid as specific orders are fulfilled between now and the contract's expiration on Jan. 31, 2016.

The second, and smaller, contract, for $7.2 million, is a firm-fixed-price modification of an existing contract for the provision of logistics support for Apache Block III attack helicopters. Work on this contract is due to be completed Nov. 30, 2014.