Boeing Wins $166.8M Navy Contract for P-8A Support

Contract Overview

The Boeing Co. has been awarded a $166.8 million cost-plus-fixed-fee contract from the U.S. Navy. The agreement is for engineering and software support services for the P-8A aircraft systems.

Scope and Timeline

The contract covers software maintenance, modernizations, and related hardware capabilities. Work will be performed primarily in Seattle, Washington (78%), with the remainder in Missouri and California, and is scheduled for completion by December 2030. The Naval Air Systems Command managed the non-competed contract.

Financial Implications

This award reinforces Boeing's role as a key defense contractor. While no funds are obligated at the time of the award, they will be issued on individual orders, ensuring a long-term revenue stream for Boeing's defense division through the end of the decade.

Summary

The $166.8 million contract secures long-term software sustainment for the Navy's critical P-8A fleet. For Boeing, it represents a stable income source and strengthens its ongoing partnership with the U.S. Department of Defense.

FAQ

Q: What is the total value of the Boeing contract?
A: The indefinite-delivery/indefinite-quantity contract is valued at $166.8 million.

Q: What aircraft system is this contract for?
A: The contract provides software support and engineering for the U.S. Navy's P-8A systems.

Q: When is the work expected to be completed?
A: The contract is expected to be completed by December 2030.

Source: Investing.com