NATO, Boeing to Ink $1B E-3A Aircraft Fleet Modernization Agreement

Jeff Brody

Boeing (NYSE: BA) is set to receive a potential $1B contract to modernize NATO's fleet of E-3A Airborne Warning and Control Systems under an initiative to extend AWACS support for alliance missions through 2035.

Michael Arthur, president of Boeing's international business, and NATO Secretary General Jens Stoltenberg will preside over a deal signing ceremony scheduled to take place Wednesday at Melsbroek Airport in Brussels, the alliance said Tuesday.

Fourteen AWACS aircraft are housed at NATO Air Base Geilenkirchen in Germany and built with radar domes that support communications, surveillance, command-and-control and battle space management operations.

The fleet's radar technology and sensors work to detect air and surface contacts at a large distance.

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