The U.S. Department of Defense awarded Boeing an $8.6 billion contract to design, integrate, test, produce and deliver up to 50 F-15IA fighter jets for the Israeli Air Force. The initial award covers 25 aircraft with an option for an additional 25, with all work to be performed at Boeing’s St. Louis, Missouri facilities. The program timeline extends through year-end 2035, supporting long-term production stability and workforce utilization in the region.

Boeing received a $92.3 million subcontract award to Spectra Technologies for missile warhead production. Under this agreement, Spectra will fabricate critical warhead components, with first deliveries expected in late 2026. The subcontract complements Boeing’s broader defense portfolio and leverages existing supply-chain partnerships to meet evolving ordnance requirements.

In a separate action, the U.S. Air Force modified a previous depot maintenance services contract, increasing the award value from $1.5 billion to $4.2 billion. The expanded scope covers engine overhaul, structural repairs and supply management for legacy Boeing platforms at the Oklahoma City Air Logistics Complex, reinforcing Boeing’s position in sustainment and aftermarket support.

Boeing shares rose on Tuesday following the contract announcements, extending a year-to-date outperformance versus the S&P 500. Analysts at Tigress Financial Partners project a potential 25% share-price gain over the next 12 months, citing robust defense order flow, improved production rates on commercial programs and a strengthening balance sheet that supports sustained cash flow generation.