The U.S. Department of Defense announced the award of 10 separate contracts Wednesday, worth a bit over $340 million in aggregate value. Among the several recipients, one company came away as the clear winner of Pentagon largesse: Boeing (BA -1.44%).
Boeing won three of the contracts on offer, claiming more than $100 million in new revenues as its prize. Specifically, the company was awarded:
- $75.6 million: in the form of a firm-fixed-price and cost-reimbursable contract to develop courseware to train Royal Saudi Air Force fighter pilots to fly the "unique, non-commercial" F-15SA variant of Boeing's F-15 fighter jet. Work on this foreign military sales contract should be complete by July 19, 2019.
- $17 million: as a cost-plus-incentive-fee, cost-plus-fixed-fee delivery order to do "phase 1" work on integrating Raytheon's new Next Generation Jammer hardware into the design of Boeing's EA-18G Growler electronic warfare aircraft. Work on this project should run through October 2014.
- $8.1 million: as a firm-fixed-price delivery order to supply 84 AYC 1439 A1 retrofit kits needed to upgrade Navy F/A-18 E/F fighter jets. This contract should be completed by February 2016.
