Boeing Super Hornets to help modernize US Navy fleet

Boeing (NYSE: BA) has announced it will supply 18 new Super Hornet jets for the US Navy to modernize the current jets as it builds readiness, the company said.

Boeing said the Super Hornets are contributing to a 10% year-to-date sales growth.

The company said it will supply a total of 46 new Super Hornets, including 28 for Kuwait.

Boeing said it continues to see strong support for key products in fiscal year 2019 in the President´s budget and in Congress, including increased procurement of 110 F-18 Super Hornets across the future year defense plan and support for a fourth multiyear procurement for the F-18, and increases for various programs in weapons and rotorcraft portfolios.

In May, Defense Logistics Agency was awarded a five-year, USD 427 million contract for Super Hornet parts and spares.

In the second quarter Boeing said it saw the induction of the first Super Hornet into a service life extension program that will eventually see Boeing working on 40 to 50 F/A-18s per year in its facilities in St. Louis and San Antonio, USNI News reported in May.

The Navy is working through a major backlog in down jets, even going so far as to slash scores of legacy fighters from the rolls in order to clear out room in the depots for the more modern, serviceable fighters.