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  • Friday, November 22, 2024

Boeing Gets $140M Navy Contract Modification for Additional JDAM Laser Guidance Sets

Boeing (NYSE: BA) has received a one-year, $139.8M contract modification to continue manufacturing precision laser guidance sets for the U.S. Navy’s Laser Joint Direct Attack Munition.

The company will supply the military service with 12,000 additional JDAM kits under the modification, which increases the ceiling of a previously awarded indefinite-delivery/indefinite-quantity contract, the Department of Defense said Monday.

DoD expects work to be complete in April 2020.

Boeing received a $357.8M IDIQ in 2015 to manufacture precision laser guided sets for the Navy, the U.S. Air Force and multiple foreign military sales clients.

JDAMs are equipped with inertial navigation and global positioning systems and designed to engage maritime or mobile targets.

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