Subsidiaries of BoeingÂ (NYSE: BA) and TextronÂ (NYSE: TXT) have landed spots under a potential five-year,Â $475 million contract that coversÂ mid-endurance unmanned aircraft system intelligence, surveillance and reconnaissance services toÂ the U.S. Special Operations Command.
The Defense Department said WednesdayÂ that Boeing’s InsituÂ business and Textron’s AAI Corp.Â subsidiary will vieÂ for task orders under the multiple-award, indefinite-delivery/indefinite-quantity contract.
DoD added the contract contains a 54-month period of performance, withÂ four one-yearÂ ordering periods and an additionalÂ six-month ordering period.
Work will take place atÂ multiple locations worldwide throughÂ June 2022.
USSOCOM obligatedÂ $150,000 in fiscal 2017 operations and maintenance funds at the time of award.