Boeing has received a contract worth $94 million from the US Navy for fighter jet, F/A-18.
Boeing Corporation has managed to win a contract worth $93.8 million from the navy of the United States for its F/A-18 fighter jets. The Navy is aiming to maintain and keep its fleet of F/A 18 and even get maintenance for its currents jets.
According to this contract, Boeing Co. is going to conduct High Flight Hour inspections of all categories, such as recurring and supplementary. The work is expected to reach completion by December this year and will take place in Jacksonville, according to the announcement on Monday. The engineers of the airplane manufacturer are going to carry out the HFH inspections for the F/A 18.
The contract is also going to be covering all maintenance work for the EA-18G jet, which is mostly used in wars and other warfare operations. The officials of the navy are expecting this maintenance work to be complete by December. These required jets were built and designed by McDonnell-Douglas, prior the merger with the aerospace company. Fighter jet works in all kinds of weather with high speed and is double engine.
This is not the only contract Boeing has managed to get; it has received several contracts from the US Department of Defense. It managed to win two major contracts that are worth almost $510 million in total on April 5. $275 million will be utilized in the research and engineering tech of ground capabilities.
The US Navy recently even received the 100th of Boeings EA-18G, which was right on schedule, luckily for both the parties. This jets provides tactical jamming and protection for the US Force and is used in combat missions by the navy, it is expected to stay in service till 2040. The production of this plane brought almost 60,000 jobs in the country with 800 supplies in 44 states.
Boeing is getting numerous orders from the US military according to the evidence of major orders and deliveries. This also is an indication that the Pentagon is making efforts to protect its satellites. It has a good reputation when it comes to its war products such as fighter jets and many other, which is why the military still looks up to it for renewal and changes in its fleet. This is beneficial for the business of the US airplane maker. This will play a positive role in the quarterly earnings.
The company is not just sticking to the US but is also conducting open meeting with airlines in Iran in order to win contracts and get order from clients, however many of its competitors are also doing the same.
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