Awarded an indefinite-delivery/indefinite-quantity contract with an estimated ceiling value of $872.8 million, Boeing will be tasked with performing system upgrades on F/A-18 A/B and C/D Hornet fighter jets, F/A-18 E/F series Super Hornets, and EA-18G Growler electronic warfare aircraft. The vast majority of this work (92%) will be performed at the behest of the U.S. Navy. However, the customers on this partial foreign military sales contract include not only the U.S. Navy, but also the governments of Australia, Canada, Finland, Kuwait, Malaysia, and Switzerland. All work is expected to be complete by December 2018.
Fool contributor Rich Smith and The Motley Fool have no position in any stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.