According to the Department of Defense, “Boeing (NYSE: BA) is being awarded a $7, 290, 756 cost-plus-fixed-fee delivery order against a previously issued basic ordering agreement (N00019-11-G-0001) for supplies and services to support the F/A-18E/F Structures Service Life Assessment Program. Work will be performed in St. Louis, Mo. (82.8 percent); El Segundo, Calif. (14.6 percent); Bethlehem, Pa. (2.5 percent); and Lynwood, Calif. (.1 percent). Work is expected to be completed in December 2013. Contract funds in the amount of $101, 924 will expire at the end of the current fiscal year. The Naval Air Systems Command, Patuxent River, Md., is the contracting activity.”
Boeing Grabs New Navy Work
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Boeing (NYSE: BA) won nearly $52 million in contracts for work on F/A-18 E/F and EA-18G aircraft, the Defense Department announced Friday. The awards consist of a a potential $30, 050, 000 contract awarded by the Defense Logistics Agency and a $22, 034, 515 U.S. Navy delivery order. Under the DLA contract, Boeing will provide F/A-18 inner wing assemblies.
Boeing (NYSE: BA) is giving nonexecutive white-collar employees a 20 percent increase in their 2011 bonuses, the Seattle Times reports. Starting Feb. 16, the company will pay $605.1 million to 109, 993 employees, or nearly $5, 500 per worker. The announcement comes after the company released its financial results on Jan. 25, reporting a $4 billion
Boeing (NYSE: BA) has won a $1, 781, 413, 723 U.S. Air Force contract modification to provide 10 C-17 aircraft, the Pentagon announced Thursday. The Indian air force will receive the aircraft under a foreign military sales agreement. Work will be performed in Long Beach, Calif. and is expected to be completed by July 28,