Boeing wins $855M contract for T-38C upgrades

• Boeing (BA -2.8%) has won an $855M Pentagon contract involving "avionics component integration and contractor logistics support" around the T-38C supersonic trainer aircraft.
• Boeing beat an unidentified competitor to the deal.
• The company should complete the project's work by January 2026.
• The T-38C features upgrades from the production model of the aircraft, originally operated by the U.S. Air Force.