Navy Awards Boeing $1.1B Contract to Develop Kuwait’s Super Hornet Baseline Configuration

Boeing (NYSE: BA) has received a potential three-year, $4.04B contract modification to provide 78 F/A-18 Super Hornet jets with Block III configuration to the U.S. Navy. The Department of Defense said Wednesday the contract will fund the full-rate production of 61 F/A-18Es and 17 F/A-18Fs for fiscal year 2018 through fiscal 2021. DoD noted the modification

The U.S. Navy has awarded Boeing (NYSE: BA) a two-year, $862.2 million contract modification to fund the full rate production of lot 42 Super Hornet multirole aircraft. Boeing will produce 15 units of the F/A-18E variant and and 3 of the F/A-18F variant for the service branch under the modified contract, the Defense Department said

General Electric (NYSE: GE) has received a potential four-year, $907 million contract to provide repair, replacement and program support services for engine components of the U.S. Navy‘s F/A-18 E, F and EA-18G planes. The Defense Department said Friday the performance-based contract has a three-year base period worth $670.7 million and one option year. The Navy obligated $89.6 million in working capital funds to