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Boeing Signs $3.2B Cash Deal for Aircraft Parts Maker KLX

Boeing (NYSE: BA) has agreed to purchase aviation parts and services provider KLX (Nasdaq: KLX) for approximately $3.2 billion cash in a move to grow its services business. Boeing said Tuesday it will pay $63 per share in cash and assume $1 billion in net debt from the Wellington, Florida-based aerospace parts …

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Govini Report: Federal Investment in Space, Hypersonic Tech Hit $83B in FY 2011-2017

A Govini report says U.S. government investments in space and hypersonic technologies from fiscal years 2011 through 2017 reached approximately $83 billion and annual government spending on such platforms rose by 6 percent over the period, SpaceNews reported Sunday. United Launch Alliance ranked first in the top 15 vendors list …

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Boeing Lands $313M Follow-On Award for Canadian Air Force Chinook Fleet Support

Boeing (NYSE: BA) has received a $313 million follow-on contract to provide logistics, engineering, supply chain, data analytics and training services for the Canadian air force’s fleet of Chinook heavy-lift helicopters. The company said Tuesday it will continue to provide lifecycle support to the CH-147F  helicopters through 2023 under an amendment to a performance-based …

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Air Force Issues $312M Ceiling Increase Modification to Boeing JDAM Contract

Boeing (NYSE: BA) has received a $311.8 million ceiling increase modification under a U.S. Air Force contract for the production of Joint Direct Attack Munition tail kits. The company will supply the military service with JDAM inertial guidance kits designed to increase bomb accuracy through global positioning system-based guidance updates, the  Defense Department said Monday. Boeing’s …

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Navy Awards Boeing $1.1B Contract to Develop Kuwait’s Super Hornet Baseline Configuration

Boeing (NYSE: BA) has received a potential $1.17 billion contract from the U.S. Navy to support the development of a baseline configuration needed to produce and deliver 22 F/A-18E and six F/A-18F aircraft for Kuwait. The company will also provide long-lead radar warning receivers and aircraft weaponry equipment under the foreign military sales contract, …

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David Calhoun Named Boeing Lead Director, Kenneth Duberstein Nominated for Re-election to Board

David Calhoun, a board member at Boeing (NYSE: BA) since 2009, has been elected to succeed Kenneth Duberstein as lead director of the Chicago, Illinois-based defense and aerospace contractor’s board in a move that takes effect April 30. “Dave is a tremendous asset to Boeing, bringing invaluable skills and experience …

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Boeing Gets $282M Contract Modification for Lot 10 P-8A Long Lead Parts

Boeing (NYSE: BA) has received a $282.3 million contract modification to obtain components for lot 10 P-8A Poseidon maritime aircraft for the U.S. Navy, Norway and the U.K. The company will obtain long lead items needed to manufacture 19 Poseidon units and perform work under the modification through March 2022, the Defense Department said Monday. …

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Timothy Keating Promoted to Boeing Govt Operations EVP

Timothy “Tim” Keating, formerly senior vice president of government operations at Boeing (NYSE: BA), has been promoted to executive VP of government operations at the aerospace company. Keating will continue to oversee the company’s philanthropic efforts worldwide through the Boeing Global Engagement organization, lead public policy initiatives and serve on …

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Report: Trump, Boeing Reach Potential $3.9B Deal for Presidential Aircraft Production

The White House and Boeing (NYSE: BA) have reached a potential $3.9 billion deal for the aerospace company to build two presidential planes, Reuters reported Tuesday. “President Trump has reached an informal deal with Boeing on a fixed-price contract for the new Air Force One Program,” Hogan Gidley, deputy press secretary, told the publication. …

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Report: Trump, Boeing in Talks to Finalize Presidential Aircraft Deal

The White House and Boeing (NYSE: BA) are in the final phase of talks over the terms of a potential deal to modify a pair of 747-8 aircraft and convert them into presidential planes, Defense One reported Thursday. Sources said Boeing CEO Dennis Muilenburg met with President Donald Trump Tuesday at the …

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