Boeing Lands $131 Billion F-15 Upgrade Contract
Boeing's defense business is seeing a significant resurgence after years of losses. The company has been awarded a massive contract worth $131.2 billion to modernize and upgrade the F-15 Eagle fleet for several countries, including the US Air Force.
The contract, which was announced on August 24, covers aircraft production, systems integration, modernization, upgrades, retrofits, sustainment, and the establishment of organic depot maintenance capabilities across the F-15 fleet.
This is a significant boost for Boeing's defense business, which has been working to regain its footing after a series of setbacks. The company reported losses of $12 billion in 2024, but has since seen a turnaround with its defense unit reporting an operating profit of $218 million so far this year.
The F-15 Eagle Crest contract is one of the largest ever awarded to Boeing and could generate significant revenue for the company over the next decade. The modernizations and upgrades alone could cover a global fleet of at least 897 F-15s, or more than 1,000 if one counts airplanes ordered but not yet delivered.