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    Boeing Clinches $44M Contract for F/A-18 and E/A-18G Support Amid Rising Global Defense Demand in 2022

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    An F/A-18F Super Hornet lands on USS Gerald R. Ford (CVN 78) flight deck during flight operations.” by Official U.S. Navy Imagery is licensed under CC BY 2.0

    Boeing has secured a significant contract worth $43.8 million from the Naval Supply Systems Command Weapon Systems Support in Philadelphia, PA, to provide enhancements for the F/A-18 E/F and E/A-18G aircraft.

    An E/A-18G Growler launches from USS Dwight D. Eisenhower (CVN 69) during flight operations in the Arabian Sea.” by Official U.S. Navy Imagery is licensed under CC BY 2.0

    The agreement stipulates the procurement of 72 processors to integrate the Distributed Targeting Processor-Network System into these aircraft, the contract is scheduled to be completed by December 2025. Work related to this deal will be carried out in St. Louis, MO.

    F/A-18F Super Hornet lands aboard USS Gerald R. Ford (CVN 77)” by Official U.S. Navy Imagery is licensed under CC BY 2.0

    The F/A-18 Block III Super Hornet is a twin-engine, supersonic, all-weather multirole fighter jet with exceptional tactical flexibility, making it an asset in various combat scenarios.

    An F/A-18F Super Hornet approaches USS Gerald R. Ford.” by Official U.S. Navy Imagery is licensed under CC BY 2.0

    Similarly, the EA-18G is a variant of the F/A-18F Super Hornet, which enjoys a solid reputation for its cost-effectiveness and efficiency.

    An F/A-18F Super Hornet flies over USS Gerald R. Ford.” by Official U.S. Navy Imagery is licensed under CC BY 2.0

    These aircraft are not only operated by the U.S. Navy but are also part of the arsenals of the Royal Australian Air Force, the Kuwait Air Force, and other nations, including Canada, Finland, Switzerland, and Spain.

    071203-N-8923M-074 FIFTH FLEET AREA OF RESPONSIBILITY (Dec. 3, 2007) An F/A-18F Super Hornet, from the “Red Rippers” of Strike Fighter Squadron (VFA) 11, makes a sharp turn above the flight deck aboard the Nimitz-class nuclear-powered aircraft carrier USS Harry S. Truman (CVN 75). Truman and embarked Carrier Air Wing (CVW) 3 are underway on a regular scheduled deployment in support of maritime security operations U.S. Navy photo by Seaman Kevin T. Murray Jr. (Released)

    Boeing’s dominance in the combat aircraft market aligns with the increasing global security threats prompting developed and emerging economies to enhance their defense capabilities.

    AN F/A-18F Super Hornet launches from the flight deck of USS Harry S. Truman.” by Official U.S. Navy Imagery is licensed under CC BY 2.0

    The United States, being the world’s largest weapons exporter, continues to invest significantly in defense products, thereby maintaining Boeing’s influential position in the industry.

    An F/A-18F Super Hornet performs a touch-and-go on the flight deck of USS Gerald R. Ford (CVN 78)” by Official U.S. Navy Imagery is licensed under CC BY 2.0

    Per a Mordor Intelligence report, with a forecasted Compound Annual Growth Rate (CAGR) of more than 4% from 2022 to 2031. This expansion can be attributed to heightened global threats, geopolitical instabilities, and increased defense spending.

    An E/A-18G Growler launches from USS George H.W. Bush.” by Official U.S. Navy Imagery is licensed under CC BY 2.0

    North America is expected to hold the largest share of this market, and this trend should benefit Boeing as well as other U.S.-based combat jet manufacturers, such as Northrop Grumman, Lockheed Martin, and Textron.

    An E/A-18G Growler takes off from USS Harry S. Truman (CVN 75).” by Official U.S. Navy Imagery is licensed under CC BY 2.0

    Lockheed Martin’s contributions to military aviation include various advanced military aircraft and associated technologies, featuring key programs like the F-35, C-130 Hercules, F-16 Fighting Falcon, and F-22 Raptor jets.

    Shooters launch a An E/A-18G Growler on the flight deck of USS Nimitz (CVN 68).” by Official U.S. Navy Imagery is licensed under CC BY 2.0

    Lockheed Martin boasts a long-term earnings growth rate of 6.1%. The company has a four-quarter average earnings surprise of 63.25%.

    An E/A-18G Growler prepares to launch from the flight deck of USS Dwight D. Eisenhower (CVN 69).” by Official U.S. Navy Imagery is licensed under CC BY 2.0

    Northrop Grumman boasts a long-term earnings growth rate of 5.7%. The Zacks Consensus Estimate for NOC’s 2022 sales implies an improvement of 2.6% from the 2021 reported figure.

    A U.S. Navy E/A-18G Growler, assigned to the ‘Cougars’ of Electronic Attack Squadron (VAQ) 139, flies over the U.S. Central Command area of responsibility in support of Operation Inherent Resolve.” by Official U.S. Navy Imagery is licensed under CC BY 2.0

    Textron’s Aviation Defense unit is renowned for creating versatile military aircraft suited for training and attack missions, with notable products such as the Beechcraft T-6C trainer and AT-6 Wolverine.

    F/A – 18F HORNET at Jones Beach Air Show 2009” by Fashion magazine NYC is licensed under CC BY-NC-ND 2.0

    Textron boasts a long-term earnings growth rate of 12.7%. The Zacks Consensus Estimate for TXT’s 2022 sales indicates an improvement of 8.2% from the 2021 reported figure.

    Sailor signals to launch an F/A-18F Super Hornet from the flight deck of USS Harry S. Truman.” by Official U.S. Navy Imagery is licensed under CC BY 2.0

    Despite 2021’s challenges, where Boeing shares saw a 41.2% decline against the industry’s 40.8% fall, the contract win showcases Boeing’s robust standing in the military aircraft market.

    An F/A-18F Super Hornet launches from USS Harry S. Truman.” by Official U.S. Navy Imagery is licensed under CC BY 2.0

    Investors and industry observers will likely keep a close eye on Boeing’s performance, given its strategic importance in the global defense sector and its potential to capitalize on rising military expenditures worldwide.

    Relevant articles:
    Boeing (BA) Wins $44M Deal to Support F/A-18 E/F & E/A-18G Jets, Yahoo Movies UK
    Stock Market Blog, Zacks Investment Research

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