Boeing Awarded $1.5B IDIQ to Support Navy, International F/A-18 & EA-18G Aircraft Upgrades

Boeing (NYSE: BA) has secured a potential five-year, $1.52 billion contract to support life cycle upgrade work on F/A-18 and EA-18G aircraft operated by the U.S. Navy and foreign military sales customers.

The company will provide system configuration sets, improvement and demonstration items, laboratory services, engineering and software integration services under the indefinite-delivery/indefinite-quantity contract, the Defense Department said Thursday.

Work will take place in St. Louis, Miss., and China Lake, Calif., through June 2023.

The Navy will obligate $7.5 million in fiscal 2018 working capital funds at the time of award.

Seventy-eight percent of contract purchases are from the Navy and the remaining 22 percent are from multiple FMS customers.

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