Boeing Secures $2.81B South Korea F-15K Upgrade Deal and 20-Jet 737 MAX Order
Boeing secured a $2.81B contract to upgrade South Korea's F-15K jets through 2037 and won a 20-aircraft 737 MAX order from Air Cambodia (10 firm, 10 options) to modernize its narrowbody fleet. The company also plans the first production 777X flight in April, marking progress on its long-delayed widebody program.
1. SAS Engages Boeing in Widebody Jet Order Discussions
Scandinavian airline SAS AB has entered negotiations with Boeing for a significant order of widebody aircraft, as disclosed by SAS CEO in a Bloomberg News interview. The carrier is exploring acquisitions of both 787-9 and 787-10 Dreamliners to meet forecasted growth in transatlantic and Asia-Pacific routes. SAS aims to secure delivery slots beginning in 2028, with preliminary talks covering 15–20 aircraft. The move underscores SAS’s strategy to modernize its long-haul fleet, reduce per-seat operating costs by an estimated 12%, and capitalize on projected annual passenger growth of 4% over the next five years.
2. Boeing to Commence Deliveries of Enhanced 787 Dreamliners
Boeing expects to start shipping its upgraded 787-9 and 787-10 Dreamliner models to airline customers in the first half of this year, a senior company executive announced on Wednesday. These variants feature reinforced wing structures, advanced cabin air management systems and increased maximum takeoff weights, enabling up to 450 additional nautical miles of range or 5% greater cargo payload. Production rates are slated to rise from five to six frames per month by Q3, as suppliers clear certification hurdles and ramp up component output.
3. Production 777X Readies for Maiden Flight in April
Company documents reviewed by Reuters indicate Boeing plans the initial flight of its first production 777X in April, marking a key milestone for the long-delayed widebody program. The aircraft, designated 777-9, incorporates folding wingtips that extend span from 212 to 235 feet and engines delivering 12% fuel-burn improvement versus legacy models. Boeing targets certification by late this year, with first customer deliveries scheduled for 2027 to carriers including Emirates and Lufthansa. Successful flight testing will unlock deferred revenue recognition of over $6 billion tied to early purchase agreements.
4. Boeing Secures $2.81 Billion F-15K Modernization Contract with South Korea
The U.S. Department of Defense has awarded Boeing a $2.81 billion contract to upgrade South Korea’s fleet of F-15K fighter jets through 2037. The deal covers structural enhancements, advanced radar integration and mission systems upgrades across 60 airframes. This award solidifies Boeing’s position in international defense markets and is expected to generate annual revenues of approximately $200 million in sustainment and support services. The program ramps up immediately, with initial retrofit kits slated for delivery by mid-2027.