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Boeing Secures Nearly $24B Contract to Help Maintain Air Force C-17 Fleet

Boeing (NYSE: BA) has received a potential $23.76 billion contract to provide sustainment support services for the U.S. Air Force’s fleet of C-17 Globemaster III military transport aircraft.

The indefinite-delivery/indefinite-quantity contract has a performance period of nine years and eight months and a base value of $3.5 billion, the Department of Defense said Monday.

The Chicago-based aerospace and defense contractor will provide program management, sustaining logistics, material and equipment management, sustaining engineering, quality assurance, modification, long-term sustainment planning, F117 propulsion system management, field services, depot level aircraft maintenance and other support services.

The sole-source IDIQ contract includes foreign military sales to the U.K., Canada, United Arab Emirates, Australia, India, Qatar, Kuwait, and NATO.

Work will occur in several domestic and overseas sites and run through May 30, 2031, should the service exercise all options.

The Air Force Life Cycle Management Center obligated $5 million in FMS funds at the time of award.

In 2019, Boeing and the Air Force signed a memorandum of understanding reflecting each team’s commitment to streamlining the procurement process to expedite the awarding of a follow-on contract for continuous delivery of sustainment services for C-17s in the next 10 years once the current contract expires this Oct. 1.

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