Boeing Wins $52M to Provide Navy Aircraft Assembly, Testing

Boeing (NYSE: BA) won nearly $52 million in contracts for work on F/A-18 E/F and EA-18G aircraft, the Defense Department announced Friday. The awards consist of a a potential $30,050,000 contract awarded by the Defense Logistics Agency and a $22,034,515 U.S. Navy delivery order. Under the DLA contract, Boeing will provide F/A-18 inner wing assemblies. The Pentagon expects Boeing to complete its...

Report: Boeing Gives Non-Execs 20% More in 2011 Bonuses

Boeing (NYSE: BA) is giving nonexecutive white-collar employees a 20 percent increase in their 2011 bonuses, the Seattle Times reports. Starting Feb. 16, the company will pay $605.1 million to 109,993 employees, or nearly $5,500 per worker. The announcement comes after the company released its financial results on Jan. 25, reporting a $4 billion profit in fiscal year 2011. Boeing also reported $865...

Boeing Wins $1.8B Air Force C-17 Contract

Boeing (NYSE: BA) has won a $1,781,413,723 U.S. Air Force contract modification to provide 10 C-17 aircraft, the Pentagon announced Thursday. The Indian air force will receive the aircraft under a foreign military sales agreement. Work will be performed in Long Beach, Calif. and is expected to be completed by July 28, 2014. Wright-Patterson Air Force Base, Ohio, is the contracting activity. LinkedInTweet+1E-mail

Boeing Wins $157M Navy Award for Electronic Attack Kits

The U.S. Navy has awarded Boeing (NYSE: BA) a $157,942,000 contract modification to provide airborne electronic attack kits, the Pentagon announced Wednesday. Boeing will provide 12 attack kits and engineering services for EA-18G aircraft. Work is expected to be completed in September 2014 and the Naval Air Systems Command, Patuxent River, Md., is the contracting activity. LinkedInTweet+1E-mail

Boeing Wins $126M to Provide Air Force Guided Missile Kits

The U.S. Air Force has awarded Boeing co. (NYSE: BA) a $126 million contract to provide 5,000 joint direct attack munition tail kits, the company announced Monday. Boeing previously won an $88 million Air Force contract for around 3,500 JDAM kits in January 2011 and a $92 million Air Force contract for 4,000 more kits in March 2011. Boeing expects a full-rate production contract for laser JDAM sensors...

Boeing, Northrop Team Wins $3.5B Missile Defense Award

A Boeing Co. (NYSE: BA) and Northrop Grumman (NYSE: NOC) team has been selected by the U.S. Defense Department to develop, engineer and manufacture missile defense systems on a contract worth $3.48 billion over seven years, Reuters has reported. The companies will work to expand and maintain the Ground-Based Midcourse Defense antimissile protection hub. Retuers wrote that GMD has interceptors located...

Raytheon Purchases Md. Cybersecurity, Enterprise Architecture Developer

Raytheon Co. (NYSE: RTN) has acquired Columbia, Md.-based cybersecurity, enterprise architecture and systems engineering firm Henggeler Computer Consultants for an undisclosed amount. Raytheon’s announcement said the company does not expect the deal to affect total sales or earnings per share in its 2012 fiscal year. It is Raytheon’s second cybersecurity purchase this month and 10th since...

Boeing, SAIC to Continue Developing Laser Optics for DOD

Boeing (NYSE: BA) has received a follow-on 15-month contract from the U.S. Defense Department‘s high energy laser-joint technology office to continue developing a prototype optic system for laser weapons. Boeing said in a release that, along with SAIC (NYSE: SAI), it has completed the first phase of system development. The team will soon test the system for the U.S. Army by using a high-energy...

Boeing CFO James Bell to Retire April 2012

Boeing (NYSE: BA) announced this morning that James Bell, executive vice president, corporate president and chief financial officer, plans to retire from the company April 1, 2012. Bell has served as CFO since 2003 and as corporate president since 2008. He served as the company’s interim CEO in 2005, immediately preceding the hire of current chairman, president and CEO James McNerney. GovCon...

Boeing Subsidiary to Update Air Force Airlift Planning System

Boeing’s (NYSE: BA) wholly owned subsidiary Tapestry Solutions has been selected as part of an industry team to support and upgrade the U.S. Air Force Air Mobility Command’s consolidated air mobility planning system. A subcontractor to SAIC, Tapestry was awarded a six-year contract valued at up to $15 million. Tapestry’s engineering support team will insert new software technology into the planning...