Boeing receives $250M contract to upgrade NATO aircraft


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.

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Comments (1)
  • EdGilstrap
    , contributor
    Comments (26) | Send Message
     
    I like BA, and own the stock. But whoever wrote this needs to be sent for a drug test -- they are smoking something.

     

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

     

    I did a little math and in round numbers the cost per plane is $19 Million. If it has a life of 10 years and reduces the crew by 1, to save money you would have to pay that person $1.9 Million per year. I don't think so.

     

    Tell me it will make the plane more effective, and it will save lives of service men and women -- I'd probably believe that. But saves money?
    6 Aug 2014, 12:08 PM Reply Like
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