Boeing Wins $2 Billion in Navy FA-18 and EA-18G Fighter Contract

Now watching

Next video starts in : 7 Play

Boeing Wins $2 Billion in Navy FA-18 and EA-18G Fighter Contract

Boeing Wins $2 Billion in Navy FA-18 and EA-18G Fighter Contract
Replay video
Up next

Broadcom Rockets Higher on Avago Deal Reports; Stocks Rebound

Unlock your personal NFL Now stream by signing in to NFL.com

Boeing Wins $2 Billion in Navy FA-18 and EA-18G Fighter Contract

by TheStreet 1:15 mins

Boeing Wins $2 Billion in Navy FA-18 and EA-18G Fighter Contract

by TheStreet 1:15 mins

Boeing is one of the biggest winners in getting the latest defense contracts from the Pentagon. In a contract worth nearly $2 billion, Boeing will deliver 38 FA-18 fighter-bombers and 21 EA-18 Growler electronic warfare aircraft to the U.S. Navy by the end of 2016. In addition to supplying to the U.S. force, Boeing will deliver 12 aircraft to Australia and perform equipment support services to NATO and the governments of France, U.K. and Saudi Arabia. The single most important contract, however, went to Northrop Grumman. It claimed a contract to deliver 25 new E-2D Advanced Hawkeye aircraft, also to the U.S. Navy. The E-2D Advanced Hawkeye is an upgrade from the previous model and can see more targets at a longer distance. Last week, the Senate Appropriations Committee approved the fiscal year 2015 Department of Homeland Security Appropriations bill. The bill provides $39.2 billion of discretionary funding for anything relates to homeland security, including the newest aircraft. TheStreet's Julia Sun reports from New York.

TheStreet

Personal Finance

  1. 2:22

    How this woman tracked down her identity thief

  2. 2:23

    3 strategies that can help simplify your life

  3. 2:14

    Would you give your dog your kidney?

  4. 2:14

    5 unique summer jobs that pay great

  5. 1:03

    Money Minute: What employers are really looking for

  6. 2:31

    CEO cashes out to become a farmer

Market Movers

  1. 2:24

    Hormel goes organic with Applegate

  2. 11:42

    Dollar/Fed in focus; Tiffany investors see green; Spam maker goes organic

  3. 1:22

    IRS tax return breach

  4. 3:25

    FIFA soccer corruption probe

  5. 1:32

    Tiffany shines; Michael Kors hits 52-week low; Hormel eyes high

  6. 12:02

    Bulls' long holiday; Time Warner Cable's new deal; Amazon takes on Etsy