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Boeing (BA) has secured two US defense contracts worth over $700 million, covering long-term research and development work as well as military logistics support.
The BA stock ended Friday’s session with a gain of 1.04%, but edged lower in after-hours trading, down 0.28% at the time of writing.
Boeing was awarded a $200-million Air Force contract for research and development in multidisciplinary areas, including aerodynamics, structures, and aerospace vehicle technologies.
The work will include basic, applied and advanced research, along with testing and demonstration of new systems. It is aimed at developing, integrating and transitioning new aerospace technologies.
Work will be performed in St. Louis, Missouri, and is expected to run through May 28, 2037. The contract was competitively awarded, with 11 offers received. The Air Force Research Laboratory is the contracting authority.
In a separate award, Boeing received a $528.32-million contract modification from the Defense Logistics Agency. The deal covers performance-based support and logistics services.
The contract supports multiple US military branches, including the Air Force, Army, Navy and Marine Corps. Work is scheduled to be completed by Sep. 16, 2027, and will be funded through fiscal 2026 defense working capital funds.
Retail sentiment on Stocktwits for RIO was “bearish” on Friday. It has remained unchanged over the past 24 hours, while message volume during the same period has stayed “low.”
The BA stock has gained a little over 13% in the past 12 months.
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