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. Under the five-year agreement, Boeing will provide depot-level maintenance, spare parts provisioning and engineering modifications to more than 600 Apache helicopters operated by the U.S. Army and allied partners. Approximately $750 million was obligated at the time of award, and work will be performed at Boeing facilities in Mesa, Arizona and Philadelphia, Pennsylvania, with completion slated for August 2030. This contract reinforces Boeing’s position as the prime sustainment provider for the Apache platform since its introduction in the mid-1980s and is expected to generate over 1,200 aerospace jobs across both sites.

In its largest foreign military sales award this quarter, Boeing won an $8.6 billion Pentagon contract to build 25 new F-15IA fighter jets for the Israeli Air Force, with an option to double the order to 50 aircraft by 2035. The contract encompasses design, integration, instrumentation, testing, production and delivery, and kicks off with an $840 million obligation funded through the U.S. Foreign Military Sales program. Production will be centered in St. Louis, Missouri, and is scheduled to run through December 31, 2035. Analysts estimate that this contract will add roughly $3.4 billion in revenue annually during its peak production years, bolstering Boeing’s defense segment backlog.

Dan Niles, founder and portfolio manager at Niles Investment Management, recently designated Boeing as one of his top stock picks for 2026 in a CNBC interview. He highlighted Boeing’s substantial commercial and defense backlog—exceeding $400 billion at year-end 2025—secular demand drivers such as global fleet modernization and rising defense budgets, and a marked improvement in free cash flow generation over the past two quarters. Niles pointed to the company’s reduced working capital requirements and disciplined capital allocation as catalysts for potential upside, forecasting that Boeing’s cash flow could increase by more than 30% year-over-year in 2026 if production rates on narrow-body aircraft continue to climb.