The Department of Defense continues to dole out lucrative contracts as the Pentagon looks to modernize and upgrade its supply chain. Boeing on Monday won a $131 billion contract covering the F-15 fighter jet fleet. The Missile Development Agency granted Parsons a contract extension worth more than $500 million. General Dynamics landed an armored vehicle contract. Elsewhere, William Blair lifted its 2027 targets for Booz Allen Hamilton after the company closed a $720 million acquisition.
Defense stocks were mixed early Tuesday.
The Air Force on Monday awarded Boeing (BA) a $131.23 billion contract to support the F-15 Eagle Crest program, which oversees the F-15 fighter jet fleet. The indefinite-delivery/indefinite-quantity contract covers aircraft production, systems integration, modernization, upgrades, retrofits and sustainment. The contract also calls for Boeing to establish organic depot maintenance capabilities for F-15 Eagle weapons systems for the Air Force, Air National Guard and other Department of Defense customers.
"Organic depot maintenance" refers to government facilities that do not rely on support from commercial contractors.
The DOD said Boeing will perform the work at its St. Louis, Missouri facility and it expects to complete it by August 2037. The ordering period for the contract runs to Aug. 24, 2031, with an option to extend to Aug. 24, 2036.

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