Hello, Guest!
  • Sunday, December 22, 2024

Boeing Gets $14B Air Force Contract to Update B-1, B-52 Weapons Systems


Boeing (NYSE: BA) has received a potential 10-year, $14.31B contract to modernize weapons systems used on the U.S. Air Force’s B-1 Lancer and B-52 Stratofortress bomber platforms.

The company will also modify, engineer, test and sustain the aircraft weapons in an effort to increase system lethality, responsiveness, supportability and survivability, the Department of Defense said Friday.

The Air Force will obligate $1.2M on the first task order as part of the B-1/B-52 Flexible Acquisition and Sustainment contract.

Work will take place at a company facility in Oklahoma City, Okla.

The Pentagon expects Boeing to complete services under the indefinite-delivery/indefinite-quantity contract by April 11, 2029.

Video of the Day

Related Articles

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week Financial Reports

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week

Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) yielded a gain.

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024 Financial Reports

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024

Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment Contract Awards

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment

Boeing (NYSE: BA) has booked a $111.9 million undefinitized firm-fixed-price order from the U.S. Navy to manufacture and deliver avionics long lead time parts and spares in support of the F/A-18E/F Block III and E/A-18G aircraft. The Department of Defense said Thursday the award, which was made against a previously issued basic ordering agreement, supports