Boeing

BA

US0970231058

Aerospace & Defense

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Boeing wins $2.56 billion contract from U.S. Air Force

August 12, 2024 at 03:55 am EDT

Boeing announced it has won a $2.56 billion contract from the US Air Force for two prototype E-7A AEW&C Wedgetail aircraft.

The contract includes life-cycle development, training and support for the Air Force's E-7A fleet.

The combat-proven E-7A Wedgetail provides targeted tracking and battle management command and control capabilities to joint forces for a 'first to detect, first to engage' advantage.

The E-7 AEW&C platform is currently in service with the Royal Australian Air Force, the Republic of Korea Air Force (designated E-737 Peace Eye) and the Turkish Air Force (designated E-7T Peace Eagle).

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Company Profile

The Boeing Company is the worldwide leader in aeronautical construction. Net sales (including intragroup) break down by market as follows: - commercial aviation (43.5%). In addition to commercial aircraft, the group supplies spare parts and offers technical support, maintenance and engineering services; - defense, space and security (32%): military aircraft and mobility systems (warplanes, helicopters, and air defense missiles), support services (logistics, engineering, maintenance and training services) and space equipment (satellites, launch pads, etc.). The remaining sales (24.5%) are from services (logistics and supply management, engineering, maintenance, modification and training services, etc.), and commercial and private aircraft financing as well as aircraft equipment leasing activities. Net sales are distributed geographically as follows: the United States (58.4%), Europe (13.5%), Asia (12.9%), Middle East (8.5%), Oceania (2.1%), Canada (1.6%), Africa (1.1%) and other (1.9%).

Employees

171,000

Sector

Aerospace & Defense

Calendar

2024-09-13 - Morgan Stanley Laguna Conference

Related indices

Dow Jones Industrial , S&P 500

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