Hello, Guest!
  • Saturday, November 23, 2024

Boeing Receives $123M in USAF Task Orders to Engineer Commercial Derivative Aircraft

The U.S. Air Force has awarded Boeing (NYSE: BA) task orders worth $123.1 million for the fourth option year of an indefinite-delivery/indefinite-quantity contract for commercial derivative aircraft engineering services.

USAF obligated $49.3 million at the time of award from its fiscal 2021 operation and maintenance funds, the Department of Defense said Friday.

The company will perform work through Jan. 31, 2023, at Warner Robins AF Base in Georgia, Offutt AFB in Nebraska and facilities located in Oklahoma City and San Antonio.

Option one of the IDIQ contract was awarded three years ago.

Boeing’s commercial derivative aircraft division operates under the defense, space and security business segment and develops military or government versions of the 7-series airliner platform.

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