US Air Force agrees on an affordable deal with Boeing for E-7 Wedgetail aircraft

From Investing.com: 2024-07-20 08:25:41

The U.S. Air Force has agreed on an “affordable” deal with Boeing for E-7 Wedgetail aircraft, replacing outdated E-3 AWACS planes. A formal contract will be finalized in August, covering prototypes to meet U.S. requirements. The transition has faced delays over price negotiations, causing concerns about capability gaps in Congress.

Boeing is pleased with the agreement, boosting its defense business reputation after cost overruns on previous programs. The deal signifies a step forward in meeting customer needs. The E-7 Wedgetail aims to modernize the Air Force’s airborne warning and control capabilities, ensuring efficient tracking of targets during battle.



Read more at Investing.com: US Air Force reaches ‘affordable’ deal with Boeing on E-7 By Reuters