Boeing Secures Potential $480M Saudi F-15 Repair Services Contract

The U.S. Air Force has awarded Boeing (NYSE: BA) a potential $480.4 million contract for repair support services to Saudi Arabia’s F-15 fleet.

Boeing will repair and return F-15C/D/S/SA parts for the Royal Saudi Air Force as well as repair ground aerospace and hush house/open-air test cell equipment for the military branch’s F-15 program, the Defense Department said Thursday.

USAF received four offers for the foreign military sales contract via a competitive source selection process, DoD noted.

The fixed-price-incentive-firm contract contains a 24-month base period, five 12-month options and an additional an six-month option period.

RSAF F-15 repairs could take place through June 20, 2025, at multiple original equipment manufacturer facilitates within the U.S. and Saudi Arabia.

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