Boeing Wins Foreign Military Sales Contracts Worth $132 Million
The Department of Defense awarded Boeing not one, not two, but three separate contract wins Tuesday, worth upwards of $132 million in aggregate.
The smallest award, for $7.7 million, is a firm-fixed-price, foreign military sales contract to provide "sustainment services" for Apache AH-64D attack helicopters operated by the Dutch military. A second award, for $15.4 million, also concerns foreign military sales, calling on Boeing to supply Apache Block III helos to Saudi Arabia.
As for the largest of the three awards, it, too, is a foreign military sales contract -- and like the second contract, it relates to Saudi Arabia. Boeing was awarded a $109.5 million modification, increasing the value of a previously awarded firm-fixed-price, foreign military sales contract to provide services in support of the Royal Saudi Land Force Aviation Command. DoD notes that the total value of this FMS contract is now approaching $395 million.
The article Boeing Wins Foreign Military Sales Contracts Worth $132 Million originally appeared on Fool.com.Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.