Hello, Guest!
  • Sunday, November 24, 2024

Navy Awards Boeing $85M Contract Modification for MQ-25 Refueling Drone Test Articles

Jeff Brody

Boeing (NYSE: BA) has secured a $84.7M contract modification to build an additional three test articles of the U.S. Navy’s  MQ-25 unmanned aerial refueling aircraft.

The branch exercised options on a potential $805M contract awarded in August 2018 for the production of up to four carrier-based unmanned air vehicles, Boeing said Thursday.

According to the company, it recorded almost 30 hours of flight operation for the first MQ-25 test asset, dubbed T1, at different altitudes and speeds during the initial testing round.

T1 is scheduled to undergo further tests later this year after the planemaker completes integration of an aerial refueling store system under the aircraft’s left wing.

The Department of Defense said Thursday the branch will obligate $63.5M on the modification at the time of award and that DoD expects the company to finish work by August 2024.

Video of the Day

Related Articles

RTX Books $344M Standard Missile Production Contract Contract Awards

RTX Books $344M Standard Missile Production Contract

Raytheon, a subsidiary of RTX (NYSE: RTX), has received a $344 million contract to build and deliver two Standard Missile variants with a common guidance section to U.S. and international military customers. The company said Thursday it will produce the SM-2 Block IIICU and SM-6 Block IU missiles on a common production line for the

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted M&A Activity

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted

VTG has moved to expand its portfolio of digital transformation platforms and cloud services for defense and intelligence community customers through its acquisition of Vana Solutions. Vana Solutions is a Dayton, Ohio-based company founded by Srujal Sheth and Sunit Sheth in 2005 and is focused on delivering cloud services, advanced analytics, data fabric platforms and

Kristen McLeod Promoted to Calibre Systems EVP, CFO Executive Moves

Kristen McLeod Promoted to Calibre Systems EVP, CFO

Kristen McLeod, most recently senior vice president of finance and accounting and controller at Calibre Systems, has assumed the roles of executive VP and chief financial officer at the Alexandria, Virginia-based management consulting and digital transformation company. In this capacity, she will serve as a corporate officer and fiscal strategist and continue to offer insights