- Boeing Awarded Over $54 Billion
Boeing Awarded Over $54 Billion
The Boeing Company, an American multinational corporation, was awarded two government contracts valuing a total of over $54 Billion in February 2014.In mid-February, 2014, the U.S Air Force awarded Boeing with a 10+ yearlong contract with a total value of approximately $52 Billion. The contract calls for Boeing to produce a newly designed Tanker called the KC-46 which will costs $250 - $300 million each. These new tankers are to replace Boeing’s old military spec KC-135 tankers. The KC-46 is larger than the old KC-135, has a higher transfer fuel load, and the passenger seating has been increased from 37 to 114 seats. Performance has also been made better as well as the KC-46 has a cruising range of about 5-times that of the KC-135 which will allow better service over longer distances.
The contract expects Boeing to complete a total of 179 tankers with 18 to be complete and in service by 2017. At the end of February, 2014 Boeing was awarded a $2.1 Billion contract granted by the Pentagon. This contract called for Boeing to produce 16 addition P-8A maritime surveillance aircraft's. These spy planes will be used by the U.S. Navy, replacing their currently aging fleet of the P-3 Orion. The P-8A, dubbed the Poseidon, is much more expensive than its predecessor, costing around $275 Million each compared to the P-3 Orion’s price of $45 Million. However, the performance has been upgraded as the P-8A Poseidon will be able to reach cruise speeds of 506 mph compared to the P-3 Orion’s 466 mph.
As the second-largest aerospace & defense contractor in the world, The Boeing Company continues to improve the current defense fleet of today. So much so that analyst Loren Thompson of the Lexington Institute predicts that “converting commercial jetliners to military aircraft could potentially become Boeing’s biggest defense line…” ASAP Semiconductor, through our proprietary website ASAP Fasteners, strives to be a premier distributor of all Boeing Company parts that support both commercial and US military applications. We carry a comprehensive inventory of parts as well as the database and procurement capabilities to help you meet all your requirements. Contact us today at email@example.com / firstname.lastname@example.org.
Posted on November 25, 2014