The Boeing Co. (BA) has secured about $2.457 billion modification to an existing contract for the sustainment of the C-17 Globemaster III aircraft. This contract was awarded by the U.S. Air Force. The modification brings the total cumulative face value of the contract to $7.598 billion from $5.141 billion.
Work is expected to be completed by October 31, 2027. This contract involves Foreign Military Sales (FMS) to Australia, Canada, India, Kuwait, NATO Airlift Management Program, Qatar, United Arab Emirates, and the United Kingdom. Fiscal 2025 operation and maintenance funds in the amount of $376.16 million; and FMS funds in the amount of $97.17 million are being obligated at the time of award.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.