Boeing Unit Wins $559M Air Force Contract To Upgrade Radars
Zacks Investment Research | Nov 30, 2016 10:22PM ET
The Boeing Co.’s (NYSE:BA) business unit, Defense, Space & Security, has won a modification contract from the U.S. Air Force to upgrade F-15 Combined APG-63 Version 3 Radar Improvement Program Version 3 and APG-82 Version 1 Radar Modernization Program (RMP) radar.
Contract Details
The contract is valued at $558.5 million. It was awarded by the Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, OH.
Per the contract, Boeing will procure, install, supply initial spares and provide support for 42 Version 3, and 29 RMP radars.
Work is scheduled to be complete by Jan 15, 2019. The company will execute the work in St. Louis, MI. The contract will use fiscal 2015 and 2016 procurement funds.
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