Boeing Wins $409M IDIQ Spot Under AF Thermal, Power, Controls Research Program

The U.S. Air Force has selected Boeing (NYSE: BA) as the latest awardee under a potential $409 million contract to help the military branch  develop thermal, power and controls systems for air platforms.

The Defense Department said Thursday Boeing will participate in the Next Generation Thermal, Power, and Controls program that covers applied research and technology development efforts.

Five companies now hold spots on the indefinite-delivery/indefinite-quantity contract that will run through July 2024.

Other participants in the NGT-PAC program are Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC), General Electric (NYSE: GE) and Honeywell (NYSE: HON).

The Air Force Research Laboratory received seven proposals for the IDIQ through a competitive acquisition process.

Check Also

Jon Hill Director MDA

Vice Adm. Jon Hill on MDA’s Move to Pause Defensive Hypersonic Missile Design Program

Vice Adm. Jon Hill, director of the Missile Defense Agency, said MDA has decided to delay the defensive hypersonic missile design effort to focus on near-term options, Defense News reported Tuesday.

Fisher Industries

Fisher Industries Lands Potential $290M CBP Laredo Sector Border Construction Contract

Fisher Industries has received a potential $289.5M contract to build an additional 17 miles of border wall infrastructure for the U.S. Border Patrol Laredo Sector's area of responsibility in Webb County, Texas.