Boeing (BA +2.50%) 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.
