Boeing, US Air Force Extend C-17 Sustainment Partnership With Phased Contract

September 29, 2021 3:38 PM | 1 min read | Make a Comment

Boeing Co BA has secured a follow-on contract from the U.S. Department of Defense, valued at up to $23.8 billion, including potential options and incentives over ten years.
Boeing will continue assuring the C-17 Globemaster III's worldwide mission readiness through the contract.
The program is currently funded through September 2024 with a Phase I award of $3.5 billion.
Boeing will continue performing critical sustainment activities for the global fleet of 275 aircraft.
The contract provides additional funding for new work scopes such as international staffing to augment maintenance efforts and cyber security work statements.
Also Read: Why Global Travel Trends Are Turning This Boeing Analyst Bullish
Price Action: BA shares are trading higher by 3.73% at $226.55 on the last check Wednesday.

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