Author: Angeline Leishman|| Date Published: October 15, 2021
The U.S. Navy has awarded AAR (NYSE: AIR), Boeing (NYSE: BA) and StandardAero separate contract modifications worth $318.1 million combined to maintain Poseidon maritime patrol planes and engines.
All three awards include depot-level support services for Australia and other foreign military sales customers, the Department of Defense said Thursday.
AAR secured $85 million to perform work such as in-service repair, airframe modification and engine replacement of the multimission aircraft.
Boeing and StandardAero received $131.6 million and $101.4 million, respectively, to maintain or repair CFM56-7B27A/3 and CFM56-7B27AE engines.
Naval Air Systems Command is the contracting activity and will obligate funds with each order.
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