The U.S. Department of Defense awarded Boeing an $8.6 billion contract on December 29 to design, integrate, test, produce and deliver up to 50 F-15IA fighter jets for Israel. Initial production will cover 25 aircraft, with an option for an additional 25, and all work is scheduled to take place in St. Louis, Missouri, through year-end 2035. This marks Boeing’s largest single foreign military sale of the decade and underscores its leading position in high-performance tactical aircraft.

In a separate action, the U.S. Air Force modified an existing agreement with Boeing for depot maintenance services and supply management at its Oklahoma City facility, increasing the total value from $1.5 billion to $4.2 billion. The expanded scope covers scheduled overhauls, structural repairs and avionics upgrades for legacy fighter and cargo fleets, and is set to extend through fiscal year 2030. Boeing projects this work will support more than 3,000 jobs in the region.

Boeing awarded a $92.3 million subcontract to Spectra Technologies on December 27 to produce advanced warhead components for extended-range munitions. Deliveries of initial units are expected to commence in late 2026, with volume ramp-up planned for 2028. This strategic partnership leverages Spectra’s precision-manufacturing capabilities to meet the evolving requirements of the U.S. Air Force’s long-range strike portfolio.

Analysts at Tigress Financial Partners highlighted Boeing’s strengthened defense backlog and diversified services revenue in a recent research note, projecting a potential 25 percent upside over the next twelve months. The firm cited sustained demand for fourth-generation fighters, robust aftermarket sales and positive cash flow improvements following production ramp-ups in St. Louis. Tigress also pointed to Boeing’s expanding digital maintenance platform as a catalyst for margin expansion in the services segment.