Boeing Awarded $552 Million Navy Contract Modification for Stingray Aircraft

MT Newswires Live05:50

Boeing (BA) was awarded a not-to-exceed $552.1 million undefinitized, fixed-price-incentive contract modification for production of three MQ-25A Stingray aircraft and advance acquisition of long-lead components for three additional aircraft, the Department of Defense said Monday.

The modification adds scope for the production and delivery of three low-rate initial production Lot One aircraft and provides for advance acquisition of long-lead components for three low-rate initial production Lot Two aircraft for the Navy.

Work is expected to be completed in July 2031. Fiscal 2025 and 2026 aircraft procurement funds totaling $164.4 million will be obligated at the time of award, the department said.

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