According to the Department of Defense, “Boeing (NYSE: BA) is being awarded a $1, 529, 224, 045 modification to definitize the previously awarded advance acquisition P-8A Multi-mission Maritime Aircraft (MMA) Low Rate Initial Production I contract (N00019-09-C-0022) to a fixed-price-incentive-firm contract. This modification provides for the procurement of six P-8A MMA and associated spares, support equipment and tools, logistics support, trainers and courseware. Work will be performed in Seattle, Wash. (76 percent); Hazelwood, Mo. (10 percent ); Baltimore, Md. (4 percent); Greenlawn, N.Y. (2 percent); Tampa, Fla. (2 percent); McKinney, Texas (1 percent); North Amityville, N.Y. (1 percent); Hauppauge, N.Y. (1 percent); Anaheim, Calif. (1 percent); Grand Rapids, Mich. (1 percent); and Rockford, Ill. (1 percent), and work is expected to be completed in January 2013. Contract funds will not expire at the end of the current fiscal year. The Naval Air System Command, Patuxent River, Md., is the contracting activity.”
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.
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
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,