Boeing Wins Up to $552.1M Navy Contract for MQ-25 Aircraft

Boeing has received a $552.1M contract modification from the US Navy for MQ-25A Stingray aircraft, covering three Lot One aircraft and long-lead components for three Lot Two aircraft. The Navy will initially commit $164.4M, including $100M from fiscal 2025 funds. The deal is part of Boeing's efforts to expand its presence in the unmanned aerial vehicle market.