Boeing Wins Three Defense Contracts Friday
The U.S. Department of Defense announced no fewer than 35 separate contract awards, worth a combined $1.78 billion Friday. Of these, Boeing won two contracts cleanly, and part of a third:
- $24.1 million: to supply rotary wing blades for U.S. Army helicopters through Aug. 31, 2015.
- $22.7 million: via a modification to a previously awarded contract to develop and demonstrate the new AH-64 Apache Block III attack helicopter. The latest iteration of the Apache, the Block III is said to include upgrades permitting, for example, the in-flight control of unmanned aerial vehicles from aboard the helo, as well as a new split-torque face gear transmission that boosts power throughout by more than 20% over previous versions of the Apache.
- $8.9 million: via an award to the Bell Boeing Joint Project Office, through which Boeing collaborates with Textron's Bell Helicopter in the production of V-22 Osprey tiltrotor aircraft. This contract orders the JPO to supply 10 V-22 Block A to B 50-69 series upgrade kits and ten V-22 Block A to B 50-69 series installs for the U.S. Naval Air System Command.
The article Boeing Wins Three Defense Contracts Friday originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Textron. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.
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