- Boeing signed an approximately $14.7 billion, seven-year undefinitized agreement with the Pentagon to triple output of PAC-3 MSE seekers, with work performed at its Huntsville, Alabama facility.
- The Navy selected Boeing to build the F/A-XX sixth-generation carrier-based fighter under a development contract worth more than $20 billion, capping a turnaround for the company's defense business.
- The seeker deal matches Lockheed Martin's seven-year framework agreement to raise annual PAC-3 interceptor production from roughly 600 to 2,000 all-up rounds.
- The award follows scrutiny of US reliance on costly interceptors against cheap munitions, including those fired by Iran during Operation Epic Fury.
- Boeing now carries execution risk from running two sixth-generation fighter programs alongside its existing F-35 and F/A-18 roles.
Quotes
“Early investment and a relentless focus on quality and execution have positioned us to now deliver seekers at unprecedented levels in the near-term, and we're committed to building on that momentum”
“Boeing's victory caps a significant turnaround for its defense business, while Breaking Defense reports from western Ukraine on technology and life in wartime.”