InvestorsHub Logo
Followers 142
Posts 66785
Boards Moderated 0
Alias Born 01/06/2004

Re: None

Wednesday, 03/20/2019 5:51:02 PM

Wednesday, March 20, 2019 5:51:02 PM

Post# of 704570
Boeing awarded $4.04B Navy contract modification for delivery of 78 F/A-18s
Boeing has been awarded a ceiling priced $4.04B modification to convert a previously awarded advanced acquisition contract to a fixed-price-incentive-firm-target multi-year contract. The target price for this multi-year contract is $4B. This modification provides for the full-rate production and delivery of 78 F/A-18 aircraft, specifically 61 F/A-18E and 17 F/A-18F aircraft for fiscal years 2018 through 2021. Work is expected to be completed in April 2024. FY18 and FY19 aircraft procurement funds in the amount of $1.56B will be obligated at time of award, none of which will expire at the end of the current fiscal year. The Naval Air Systems Command is the contracting activity.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

They trying to pump it up. imo

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.