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Boeing Wins $2B C-17 Logistics Follow-On

Boeing (NYSE: BA) has won a $2 billion contract from the Defense Department to continue performing sustainment and logistics-related work for C-17 aircraft worldwide, the company announced Thursday.

This follow-on performance-based logistics contract award covers fiscal years 2013 through 2017.

The C-17 Globemaster III Integrated Sustainment Program covers support services including forecasting, purchasing and material management for the C-17 and all C-17-unique support.

This program started in 1998 with 42 aircraft and now covers 246 aircraft worldwide.

Under PBL contracts, a customer receives an agreed-to level of system readiness unlike a traditional contract for specific spare parts and support services.

Boeing manages U.S. assets as a designated inventory control point, the company said.

According to the company, the Pentagon recently recognized the U.S. Air Force-Boeing GISP team with the 2012 Secretary of Defense “system-level” PBL Award.

 

Recent C-17 contract coverage:

Boeing Wins $500M Contract for C-17 Post Production Transition

Boeing Wins $341M For Two AF C-17s

Boeing Wins $1.8B Air Force C-17 Contract

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