Boeing won a Foreign Military Sales agreement to deliver 25 F-15IA fighter jets and associated support equipment to the Israel Defense Forces in a contract valued at $8.6 billion. The deal includes radar upgrades, electronic warfare suites and sustainment services through 2035. Production will be split between Boeing’s facilities in St. Louis, Missouri, and its military aircraft center in San Antonio, Texas, with initial deliveries scheduled to begin in late 2027 and final aircraft hand-over by mid-2032. Boeing’s order backlog for its Defense, Space & Security segment increased by 12% as a result of this award.

The U.S. Department of Defense awarded Boeing a $2.73 billion firm-fixed-price contract for Apache AH-64E helicopter post-production support services. Work under the agreement will run through December 31, 2030, and encompasses depot maintenance, spare parts provisioning and pilot training simulators. Boeing projects that recurring annual revenues from this contract will exceed $350 million per year, contributing to a projected 5% increase in its Boeing Global Services defense backlog by the end of fiscal 2026.

In addition to the Israel and Apache awards, Boeing secured a $2 billion contract to replace commercial engines on the U.S. Air Force’s B-52 Stratofortress fleet, covering 608 engines over a five-year period. This program is expected to add roughly $400 million to Boeing’s defense revenues annually once full production ramps up in 2028. Industry analysts note that while Boeing’s defense margins on fixed-price contracts remain in the low single digits, its growing services business and diversified platform support agreements position the company for double-digit defense-segment revenue growth through 2030. Investors are also watching sector exchange-traded funds such as ITA to capture broader gains across the defense ecosystem.