Boeing Earns $5.3 billion Contract from the U.S. Navy

“The men and women of Boeing are honored to provide the Super Hornet’s advanced, combat-proven multirole capability and the EA-18G’s unmatched airborne electronic attack capability to the American warfighters serving their nation around the world each day,” said Kory Mathews, Boeing F/A-18 and EA-18 Programs vice president. “Procurement of these 124 aircraft through a multi-year contract takes advantage of the full efficiencies of Boeing’s production and supplier operations, which will generate more than $600 million in cost savings for U.S. taxpayers.”

The new contract is the third multi-year agreement between Boeing and the Navy for production of the F/A-18E/F, the Navy's frontline strike fighter, which delivers forward-deployed air combat capability around the world from the decks of 11 Navy aircraft carriers, including ongoing missions in Afghanistan.

The EA-18G, the United States’ newest combat aircraft, conducts advanced airborne electronic attack (AEA) missions to support Navy and joint force requirements. The EA-18G is scheduled for its first combat deployment later this year.

“Boeing and its Hornet Industry Team suppliers have delivered every Super Hornet and Growler on schedule to the warfighter and on budget for the taxpayer from the first Super Hornet delivery,” said Mathews. “The first two F/A-18E/F multi-year contracts generated more than $1.7 billion in savings for the United States. We look forward to continuing to provide unmatched capability and value through this contract.”

Boeing delivered 210 Super Hornets to the Navy during the initial F/A-18E/F MYP, which spanned fiscal years 2000 through 2004. Boeing was then awarded a second MYP that included aircraft procurement during fiscal years 2005 through 2009. Aircraft deliveries under that contract continue through 2011 and total 257 aircraft.The Boeing F/A-18E/F Super Hornet is a multirole aircraft, able to perform virtually every mission in the tactical spectrum, including air superiority, day/night strike with precision-guided weapons, fighter escort, close air support, suppression of enemy air defenses, maritime strike, reconnaissance, forward air control and tanker missions. Boeing has delivered more than 430 F/A-18E/Fs to the U.S. Navy.

In related news, Boeing was also awarded a contract worth almost $12 billion to modernize the Air Force's fleet of B-52 jet bombers over eight years, according to the Aerospace Industries Association.