Boeing was awarded a not-to-exceed $1.2B undefinitized contract action for the E-7A Rapid Prototype program. This contract provides for the initiation of the development activities for the program. Work will be performed in Seattle, Washington, and is expected to be complete by August 2024. This contract is the result of a sole source acquisition. FY22 and FY23 research and development funds in the amount of $134.08M are being obligated at the time of award. Air Force Life Cycle Management Center is the contracting activity.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on BA:
- Unusually active option classes on open February 24th
- Boeing can still meet delivery target despite halt, says JPMorgan
- Why Did Boeing (NYSE:BA) Pause Delivery of the 787 Dreamliner?
- American Airlines chairman Doug Parker to retire, Greg Smith to succeed
- Boeing halted 787 Dreamliner deliveries over documentation issue, WSJ reports