Boeing receives $250M contract to upgrade NATO aircraft

|About: The Boeing Company (BA)|By:, SA News Editor

Boeing (NYSE:BA) has received a contract from NATO worth approximately $250M to install digital flight decks and avionics on 13 Airborne Warning and Control System (AWACS) aircraft.

The upgrade will result in cost savings in personnel because the flight deck crew will be decreased from four to three.

Modifications will begin in 2016 and will be completed by 2018.