Boeing Co. (NYSE: BA) has won a $500 million U.S. Air Force contract to support C-17 transition to post production, the Defense Department announced Friday.
Under the firm-fixed-price, cost-plus-fixed-fee contract, the company will provide for the transfer of C-17 aircraft production assets.
Work will take place in Long Beach, Calif., and will finish by July 5, 2022, according to the statement.