Air Force Formalizes $3.9B Boeing Contract for 2 Presidential Planes

The U.S. Air Force has awarded Boeing (NYSE: BA) a potential $3.9 billion contract to design, modify, test, certify and field a pair of presidential aircraft.

USAF will obligate $64 million in fiscal 2018 research and development funds at the time of award, the Defense Department said Tuesday.

This award formalizes an agreement that President Donald Trump and the Chicago-based company reached in February. 

The service branch initially announced in January 2015 the selection of the 747-8 airframe for the next Air Force One fleet.

Boeing is scheduled to complete work under the sole-source contract by December 2024.

Sponsor

×

Stay ahead in GovCon

Join thousands of government contractors who rely on GovCon Wire for the latest updates in federal spending, bid opportunities, and compliance changes.

Whether you’re new to the space or scaling up, our brief keeps you informed and ready to act.

Email Address *

First Name *

Last Name

Position

Company

Related Articles

The Cybersecurity Challenges of the Supply Chain: Navigating Risks in a Hyper-Connected, Emerging-Tech World

By Chuck Brooks, president of Brooks Consulting International and one of Executive Mosaic’s GovCon Experts In the current digital environment,…

Former CIA Cyber Intelligence Leader Peter Ranks Joins GRVTY as Chief Strategy Officer

GRVTY has appointed Peter Ranks, the first assistant director of the CIA for cyber intelligence, as chief strategy officer. At…

ASRC Federal, ATCO Joint Venture Lands $596M Air Force Contract for Alaska Radar System Support

ARCTEC Alaska, a joint venture between ASRC Federal and ATCO, has secured a 10-year, $596 million contract from the U.S. Air Force…

Jared Vichengrad to Lead Federal Market Strategy at Axonius Federal Systems as SVP, GM

Axonius Federal Systems has appointed Jared Vichengrad as senior vice president and general manager. The Reston, Virginia-based company said Monday…

Christopher Land Joins MITRE as SVP, General Counsel

MITRE has appointed Christopher Land, a national security legal executive, as senior vice president, general counsel and secretary to the…

How One Defense Tech Leader Is Meeting the Acquisition Reform Moment

Bcore and CEO Chad Kim have benefited from this new Pentagon era of faster, more innovative acquisition Bcore is a…

Lockheed Lands Potential $480M Navy Contract for Anti-Submarine Warfare System Support

Lockheed Martin has secured a potential five-year, $479.9 million contract from the U.S. Navy to support the AN/SQQ-89A(V)15 anti-submarine warfare…

GSA Unveils 43 Phase 1 Awardees for Alliant 3 GWAC

The General Services Administration has unveiled the first phase of awards under the Alliant 3 governmentwide acquisition contract, a multiple-award vehicle…

Markon Acquires Millennium to Expand Cyber Capabilities

Markon, a mission integrator for the federal government, has acquired Millennium Corp. to expand its delivery of mission-critical cyber services…

Trump Signals Plan to Raise Global Tariff to 15%

President Donald Trump said he plans to raise the 10 percent worldwide tariff to 15 percent — the maximum rate…

State Department Awards Spots on Potential $10B Evolve IT Services IDIQ

The Department of State has awarded spots on a multiple-award indefinite-delivery/indefinite-quantity contract with a combined potential value of $10 billion…

Obviant Secures DOW Contract Expansion for Digital Acquisition Platform

Obviant has received a contract expansion from the Office of the Under Secretary of War for Acquisition and Sustainment to…

You’ve already read all related articles.

Executive Interviews