The U.S. Department of Defense has awarded Boeing a $2.7 billion contract for post-production support services on the AH-64 Apache attack helicopter fleet. The five-year agreement covers sustainment, refurbishment and supply chain management for more than 800 Apache airframes operated by the U.S. Army and allied forces. Work spans logistics coordination, depot maintenance and software upgrades, with initial funding of $540 million obligated at award. Boeing’s Integrated Defense Systems division, based in Mesa, Arizona, will perform the bulk of the service work, aiming to reduce aircraft downtime by 15% and extend service life through 2040.

Under the U.S. Foreign Military Sales program, Boeing has been tapped to build 25 F-15IA fighters for Israel with an option for another 25 jets by 2035. The nearly $8.6 billion contract includes design, integration, testing and delivery services, and obligates $840 million in funds immediately upon award. Production and final assembly will occur at Boeing’s St. Louis facility, with completion slated by December 31, 2035. The F-15IA variant features advanced radar, electronic warfare suites and structural reinforcements, further cementing Boeing’s role as a key supplier to a partner that has procured over $100 billion in U.S. defense equipment since 1978.

Dan Niles, founder and portfolio manager at Niles Investment Management, identified Boeing as one of his “top picks” for 2026 during a CNBC interview. He cited a backlog exceeding $350 billion, driven by commercial and defense orders, secular demand for aircraft modernization and an expected free cash flow improvement of $4 billion next year. Niles highlighted margin expansion through supply-chain rationalization and ramped production rates on the 737 MAX and 777X programs. His bullish stance follows Boeing’s reported 2025 revenue growth of 12% and a net operating cash inflow of $9.5 billion, signaling potential for further share-holder returns.