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Investing.com -- Boeing Co (NYSE:BA). has been awarded a $61,175,927 contract modification by the U.S. Department of Defense for anti-submarine warfare equipment.
The firm-fixed-price, cost-plus-fixed-fee and cost modification to a previously awarded contract covers the production of High Altitude Anti-Submarine warfare weapon capability air launch accessory equipment, production support material, and related engineering and hardware support.
The contract modification also establishes options valued at $160,862,279 which, if exercised, would bring the total contract value to $349,151,128.
Work will be performed across multiple U.S. locations, with 77% taking place in St. Charles, Missouri; 11% in Salt Lake City, Utah; 6% in St. Louis, Missouri; 2% in Minneapolis, Minnesota; 2% in Joplin, Missouri; 1% in Chandler, Arizona; and 1% in Piedmont, Missouri. The project is expected to be completed by January 2028.
Funding for the contract comes from various Navy procurement and research programs, including fiscal 2025 weapons procurement funds ($16,108,655), fiscal 2024 weapons procurement funds ($14,341,444), fiscal 2024 research development test and evaluation funds ($12,837,747), and fiscal 2023 weapons procurement funds ($1,506,238).
The Naval Sea Systems Command in Washington, D.C. is serving as the contracting activity for this defense project.
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