Boeing [NYSE: BA] will continue improving U.S. Air Force A-10 Thunderbolt II mission readiness, and decreasing maintenance costs, through a follow-on order for 56 replacement wings for that aircraft.
Boeing is on contract to build up to 242 wings, including these, at its plant in Macon, Ga. Refitting the fleet with new wings will improve the mission availability of A-10s by an estimated 4 percent and will help save the Air Force an estimated $1.3 billion in maintenance costs during the next 30 years.
This latest order is valued at $212 million. Including this agreement, the Air Force has ordered 173 wings. The efforts of Boeing, its suppliers, and the Air Force will allow the A-10 fleet to operate into 2035.
The A-10 is a twin-engine jet designed for close air support of ground forces. It can be used against all ground targets, including tanks and other armored vehicles.
Source: The Boeing Company (NYSE: BA)
Date: Sep 4, 2013