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. A...
Swedish company Saab, Boeing‘s (NYSE: BA) teammate in the U.S. Air Force T-7A trainer program, has opened a factory in West Lafayette, Indiana to manufacture the aft section of the military branch’s future pilot training system. The 100,000-square-foot facility will take over the production of the Red Hawk aircraft’s aft section fr...
Boeing (NYSE: BA) will update as many as five Chinook heavy-lift military cargo helicopters for the U.S. Army under a $391.4 million contract. The military service intends to procure CH-47F renew aircraft through the fixed-price-incentive contract and expects the planemaker to complete work on Sept. 30, 2025, the Department of Defense said Thursday....
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 Departm...
Boeing (NYSE: BA) has secured a $1.62 billion contract to repair the guidance kit of the U.S. Air Force’s Minuteman III intercontinental ballistic missile. The Air Force Nuclear Weapons Center is obligating $32.5 million at the time of award from the branch’s fiscal 2021 operation and maintenance funds, the Department of Defense said Fri...
Boeing (NYSE: BA) has appointed 21-year company veteran Matt Welch as vice president of investor relations at the Chicago-based planemaker. He replaces Maurita Sutedja and will be responsible for ensuring the delivery of reports on the market environment, business performance and outlook to the company’s shareholders and investors, Boei...
David Joyce, an an aerospace industry veteran, has joined the board of directors of Boeing (NYSE: BA). Joyce will serve on aerospace safety and compensation committees as a member of Boeing’s board, the company said Tuesday. His four-decade career at General Electric (NYSE: GE) included time as vice chair, president and CEO of GE Aviation...
The State Department has approved a request from the South Korean government to purchase Boeing (NYSE: BA)-made munition guidance kits and related equipment and support services through a potential $258 million foreign military sales transaction. The possible sale includes over 7,100 units of three different Joint Direct Attack Munition Guidance Kit...
Boeing (NYSE: BA) has secured a $487 million contract from the U.S. Army for the provision of engineering services and technical support to the service branch’s Apache AH-64 attack helicopters through Feb. 6, 2026. The cost-plus-fixed-fee contract awarded by the Army Contracting Command has task orders that will determine work locations and fu...
Boeing (NYSE: BA) has teamed up with AE Industrial Partners to create AEI HorizonX, an independent venture capital group that will combine the aerospace, technology and private equity expertise of both companies to promote start-up innovation. Boeing said Thursday AEI HorizonX will further support sustainability and will focus on investments in conn...
