Amcor stock falls after Raymond James reiterates Market Perform rating
Investing.com -- The U.S. Department of Defense has announced a substantial contract modification for The Boeing Co (NYSE:BA)., based in Long Beach, California. The modification, worth $2,456,665,321, is for the sustainment of the C-17 Globemaster III and increases the total face value of the contract to $7,597,672,417, up from $5,141,007,096.
The work related to this contract will be performed at various locations. These include Long Beach, California; San Antonio, Texas; Robins Air Force Base, Georgia; Charleston, South Carolina; McCord AFB, Washington; and other locations worldwide. The completion of the work is expected by Oct. 31, 2027.
The contract also involves Foreign Military Sales (FMS) to several countries and organizations. These include Australia, Canada, India, Kuwait, the NATO Airlift Management Program, Qatar, the United Arab Emirates, and the United Kingdom (TADAWUL:4280).
The Department of Defense is obligating funds at the time of the contract award. This includes $376,164,536 from fiscal 2025 operation and maintenance funds and $97,168,700 from FMS funds. The Air Force Lifecycle Management Center, based at Robins AFB, Georgia, is overseeing the contracting activity.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.