Boeing awarded $8.58B Air Force contract

Boeing (BA) was awarded a ceiling $8.58B hybrid cost-plus-fixed-fee, fixed-price incentive, firm-fixed-price, undefinitized contract action for the F-15 Israel Program. This contract provides for the design, integration, instrumentation, test, production, and delivery of 25 new F-15IA aircraft for the Israeli Air Force with an option for an additional 25 F-15IA aircraft. Work will be performed at St. Louis, Missouri and is expected to be complete by Dec. 31, 2035. This contract involves Foreign Military Sales to the State of Israel. This contract was a sole source acquisition. FMS funds in the amount of $840M are being obligated at the time of award. The Air Force Life Cycle Management Center is the contracting activity.