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4-Traders Homepage  >  Equities  >  Nyse  >  Boeing Co    BA

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The Boeing Company : Boeing Receives $178 Million Contract for B61 Tail Kit Assembly

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11/28/2012 | 12:50am CEST

New weapon product line expands Boeing's Direct Attack portfolio

ST. LOUIS, Nov. 27, 2012 -- Boeing [NYSE: BA] will help to modernize the B61 free-fall ballistic munition by designing a new tail kit under a $178 million contract from the U.S. Air Force.

The design, development and qualification phase of the B61 (Mod 12) Life Extension Program is expected to run for three years. The program further expands Boeing's Direct Attack weapons portfolio.

The B61 is a U.S. nuclear weapon that was designed in the early 1960s and went into full production in 1968. B61 (Mod 12) will replace obsolete parts and improve its reliability. Per the contract, Boeing will work with the departments of Defense and Energy on this program.

"Boeing has provided a wide range of reliable and affordable direct attack weapon solutions to the warfighter for more than a decade," said Debbie Rub, Boeing vice president and general manager for Missiles and Unmanned Airborne Systems. "We will apply our proven experience in tail kit production to this platform to effectively upgrade a vital deterrent capability."

A unit of The Boeing Company, Boeing Defense, Space & Security is one of the world's largest defense, space and security businesses specializing in innovative and capabilities-driven customer solutions, and the world's largest and most versatile manufacturer of military aircraft. Headquartered in St. Louis, Boeing Defense, Space & Security is a $32 billion business with 61,000 employees worldwide.@BoeingDefense.

# # #

Contact:

Garrett Kasper
Missiles & Unmanned Airborne Systems
Office: 314-232-0199
Mobile: 314-616-5169
garrett.d.kasper@boeing.com

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EBIT 2016 5 436 M
Net income 2016 4 228 M
Debt 2016 1 066 M
Yield 2016 3,28%
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P/E ratio 2017 13,34
EV / Sales 2016 0,88x
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