Boeing Bags $7 Billion In US Military Contracts, Stock Up

Benzinga

Boeing shares rose after winning about $7 billion in new U.S. defense contracts, including a major deal for Apache helicopters and Longbow trainers. The company also expanded its recent run of Gulf-region orders with new widebody and 737 MAX commitments. Work on the U.S. contracts extends into the next decade.

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00:00It's Benzinga, bringing Wall Street to Main Street!

00:02Boeing won two major U.S. Department of War contracts totaling roughly $7 billion,

00:07lifting shares on Wednesday, according to Benzinga.

00:11The company secured a $4.685 billion firm fixed-price contract to supply new-build Apache

00:17helicopters, Longbow crew trainers, and related components, with work running through May 2032.

00:23Boeing also received a $2.47 billion modification to an existing agreement scheduled for completion

00:29by June 2029.

00:31Boeing secured major Gulf orders this month, including Emirates' third wide-body purchase

00:36and Gulf Airs Agreement, for additional Dreamliner jets with options for more.

00:40The company also signed a Memorandum of Understanding with Fly Dubai for its fourth 737 MAX fleet.

00:46For all things money, visit Benzinga.com.

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