What Happened
Defense Business Sees Huge Turnaround With New Deal
Boeing has been awarded a massive $131.2 billion contract to build and upgrade global F-15 fighter fleets, marking a major turnaround for the company’s defense business. The deal, announced by the Defense Department, covers aircraft production, systems integration, modernization, upgrades, retrofits, sustainment, and the establishment of organic depot maintenance capabilities for the Air Force and several allied nations. This contract win is expected to significantly boost Boeing’s defense business, which has undergone a remarkable turnaround over the past two years, according to The Globe and Mail.