Hello, Guest!
  • Friday, November 22, 2024

Boeing Joins $499M Air Force Vehicle R&D Contract


Boeing (NYSE: BA) has won a position under the U.S. Air Force‘s potential eight-year, $499 million contract to research and develop aerospace vehicle technologies.

The Defense Department said Wednesday Boeing will support the Aerospace Systems Air Platform Technology Research program from a company facility in Hazelwood, Missouri, through Aug. 31, 2025.

The Air Force initially awarded the first two contract spots to Northrop Grumman (NYSE: NOC) and Aurora Flight Sciences in early August, then added Lockheed Martin (NYSE: LMT) to the program within a week.

The three companies were joined by Textron Systems‘ (NYSE: TXT) AAI Corp. subsidiary and General Atomics‘ aeronautical systems business in late August.

The Air Force Research Laboratory received six offers for the indefinite-delivery/indefinite-quantity contract and will obligate $100,000 at the time of award from fiscal 2017 R&D funds.

Video of the Day

Related Articles

Northrop Posts 9% Increase in Q1 2024 Sales; Kathy Warden Quoted Financial Reports

Northrop Posts 9% Increase in Q1 2024 Sales; Kathy Warden Quoted

Northrop Grumman (NYSE: NOC) gained $10.1 billion in sales during the first quarter of 2024, up 9 percent from the $9.3 billion it posted in the same period last year, and reported net earnings of $944 million, or $6.32 per diluted share. The company, in a Thursday announcement, attributed the sales growth to higher sales

State Department OKs $2B in FMS Deals With Poland, Netherlands for Extended-Range Anti-Radiation Missile Contract Awards

State Department OKs $2B in FMS Deals With Poland, Netherlands for Extended-Range Anti-Radiation Missile

The State Department has approved the requests of the governments of Poland and the Netherlands to buy an extended-range variant of the Advanced Anti-Radiation Guided Missile system, related equipment and support services from the U.S. government under two foreign military sales deals worth approximately $2 billion combined. Northrop Grumman (NYSE: NOC) will serve as the

Northrop Lands $167M Navy Contract Modification for G/ATOR Radar Tech Contract Awards

Northrop Lands $167M Navy Contract Modification for G/ATOR Radar Tech

Northrop Grumman (NYSE: NOC) has secured a potential $167.1 million contract modification from the U.S. Navy to supply four lot 6 full-rate production Ground/Air Task Oriented Radar systems. Marine Corps Systems Command is the contracting activity and will obligate the full contract amount using the U.S. Air Force’s other procurement funds for fiscal year 2024,