Boeing Wins Three Contracts Worth $95.3 Million To Supply Drones, Apaches

  • Our Bureau
  • 01:49 PM, May 23, 2013
  • 2144

Boeing has secured three new contracts from the U.S Department of Defense worth $95.3 million, according to a company statement.

The first deal won cost $11.8 million, an option exercise on a cost-plus-incentive-fee contract previously awarded to Boeing’s Insitu drone-building subsidiary. The option provides for Insitu to supply one Low Rate Initial Production land-based, small tactical unmanned aircraft system, plus associated testing and logistical support. The new drone will be delivered to the U.S. Navy by May 2014.

The second deal is an add-on to a previously awarded firm-fixed-price, foreign military sales contract costing $14.3 million. This deal is to supply Apache Block III aircraft and associated parts and services to Saudi Arabia.

The final deal is significantly larger worth $69.2 million, modifying a related foreign-military-sales contract -- again for the supply of Apaches and associated parts and services to the Saudi Arabia. 

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