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Thursday, September 27, 2007

Boeing Wins $1.32 Billion Australian Contract for 24 F/A-18s

Boeing Co., the second largest U.S. defense contractor, won an order valued at $1.32 billion to build 24 F/A-18 fighter aircraft and related equipment for Australia.

The planes are being purchased through the U.S. Foreign Military Sales Program, the Defense Department said today in a statement. The award is part of a previously awarded contract to Chicago-based Boeing.

Boeing wants to expand sales of military fighter, cargo and mid-air refueling aircraft to foreign governments as U.S. spending on large defense programs wanes. More than half of the work will be performed in St. Louis and El Segundo, California. It is expected to be completed in July 2011.

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