Boeing (BA) was awarded a $277.05M cost, cost-plus-fixed-fee contract for Starfire Electro-Optics, Laser Lab Advancement. This contract provides for the development of Electro-Optics and Directed Energy technologies, in support of the Air Force Research Laboratory, Space Electro-Optics Division’s mission to advance the nation’s space superiority capabilities. Work will be performed at Albuquerque, New Mexico, and is expected to be completed by October 20, 2033. This contract was a sole source acquisition. FY24 research, development, test and evaluation funds in the amount of $13.53M are being obligated at time of award. Air Force Research Laboratory is the contracting activity.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BA:
- Intel (NASDAQ:INTC) Slips on Chinese Spying Allegations
- Boeing’s (NYSE:BA) Strikes May End With New Vote
- Embraer announces 33% YoY delivery increase in Q3, $22.7B backlog
- Boeing machinists announce proposal to end strike: Morning Buzz
- Options Volatility and Implied Earnings Moves This Week, October 21 – October 25, 2024