June 12, 2018 | International, Aerospace, Naval
Boeing Gets $862M Super Hornet Full-Rate Production Contract Modification
The U.S. Navy has awarded Boeing (NYSE: BA) a two-year, $862.2 million contract modification to fund the full rate production of lot 42 Super Hornet multirole aircraft. Boeing will produce 15 units of the F/A-18E variant and and 3 of the F/A-18F variant for the service branch under the modified contract, the Defense Department said Friday. The company also received a $73.2 million indefinite-delivery/indefinite-quantity contract in late February to update four F/A-18E/Fs in an effort to extend the aircraft's operational service life. Super Hornet's E and F versions are designed to operate in various tactical missions such as strike, fighter escort, close air support, reconnaissance, forward air control, tanker and suppression of enemy air defenses. https://www.govconwire.com/2018/06/boeing-gets-862m-super-hornet-full-rate-production-contract-modification/