On Friday, the U.S. Department of Defense announced it has awarded Boeing an $895 million "cost-plus-incentive-fee, cost-plus-fixed-fee, firm-fixed-price, fixed-price incentive-fee, and cost-reimbursement" contract to overhaul and upgrade the Air Force's C-17 Globemaster III transport fleet.

As of February 2011  the U.S. Air Force had 213 C-17s in service, with an ultimate goal of building the fleet to 224 planes. As such, the approximate value of the new contract, which runs through the end of 2022, is $4 million per plane. The flyaway cost of a brand-new C-17, according to fiscal 2012 budget estimates: $201 million.

Shares of Boeing dropped ahead of the DoD announcement, falling 1.5% to close at $74.69.

The article Boeing Awarded $895 Million to Upgrade C-17s originally appeared on Fool.com.

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The U.S. Department of Defense announced it has awarded Boeing an $895 million "cost-plus-incentive-fee, cost-plus-fixed-fee, firm-fixed-price, fixed-price incentive-fee, and cost-reimbursement" contract to overhaul and upgrade the Air Force's C-17 Globemaster III transport fleet.

AKA a license to Steele

Has everyone Boeing forgotten its own track recorder?

31 GAO violation Boeing fine 31 billion
Feds scrapping Boeing 'virtual' border fence work

http://www.seattlepi.com/business/article/Feds-scrapping-Boeing-virtual-border-fence-work-739992.php

http://www.seattleweekly.com/2001-04-18/news/high-flying-crime/


Boeing MILITARY SCANDALS
http://www.endgame.org/boeing.html
http://www.contractormisconduct.org/index.cfm/1,73,221,html?ContractorID=13&ranking=2
Japan rejects 767 tankers
http://www.heraldnet.com/article/20070519/NEWS01/705190744
Boeing Fixes Italian Tanker
http://www.militaryphotos.net/forums/showthread.php?124285-Boeing-Fixes-Italian-Tanker
Boeing Penalized for Poor Performance on Tanker Contracts
http://gflorencescott.wordpress.com/2008/08/18/boeing-penalized-for-poor-performance-on-tanker-contract/
737 Wedgetail Project (Arms Export Control Act Violation)
www.contractormisconduct.org/index.cfm/1,73,222,html?CaseID=40
P-8 110 ITAR violations
http://www.seattleweekly.com/2001-04-18/news/high-flying-crime.php
Boeing virtual fence: $30 billion failure
http://www.zdnet.com/blog/projectfailures/boeing-virtual-fence-30-billion-failure/362
Boeing Sea Launch filed for Chapter 11 bankruptcy in June 2009, citing cost overruns,
http://www.reuters.com/article/idUSN1112244720100511

kc-10: Boeing to pay $2 million over whistleblower
http://www.cbs42.com/business/story/Boeing-to-pay-2-million-over-whistleblower-claims/QwvGTFFJ2US_nfcaaVBqmQ.cspx
B-1B: Boeing Sued for $7.5 Million Contract Fraud
http://whistleblowersupporter.typepad.com/my_weblog/2008/09/boeing-sued-for-75-million-contract-fraud.html
CH-47D: Boeing to pay up to $54 million
http://www.helis.com/news/2000/h47pay.htm
Kc-10 The Boeing Co. has agreed to pay $2 million to the Justice Department
http://www.mysanantonio.com/news/52918362.html
Boeing 767 Tanker CEO resign qty 2,CFO when to jail , Alan Mulally went Ford Boeing paid a $266 million http://www.nlpc.org/pdfs/Druyun10-1-04.PDF http://www.businessweek.com/magazine/content/02_20/b3783002.htm
http://www.businessweek.com/magazine/content/02_20/b3783001.htm
http://www.businessweek.com/magazine/content/02_23/c3786017.htm

December 29 2012 at 5:40 PM Report abuse rate up rate down Reply