SAN FRANCISCO, Sept. 29 (Xinhua) -- Boeing announced on Wednesday that it will continue assuring the C-17 Globemaster III's worldwide mission readiness through a follow-on contract awarded by the U.S. Department of Defense, valued at up to 23.8 billion U.S. dollars including potential options and incentives over ten years.
The program is currently funded through September 2024 with a Phase I award of 3.5 billion dollars, the company said.
Under the agreement, Boeing will continue performing sustainment activities, including engineering, field support, and material management, for the global fleet of 275 aircraft.
Boeing has been under contract for performance-based logistics (PBL) support of the C-17 fleet since 1998. This new 3.5 billion dollars Phase I award is expected to be ordered by the Air Force through 2024.