Boeing Secures $131.2 Billion Contract for Upgrades and Modernization of Global F-15 Fighter Fleet
Boeing has been awarded a potential $131.2 billion contract to modernize, upgrade, and sustain the global fleet of F-15 fighter jets used by multiple countries including Japan, Israel, Poland, Saudi Arabia, South Korea, Indonesia, Singapore, and the U.S. Air Force. The multi-year deal includes aircraft production, systems integration, retrofits, and depot maintenance capabilities for at least 897 existing planes—potentially expanding to over 1,000 if undelivered orders are included. This contract is a significant boost for Boeing's defense division (BDS), which has been recovering from years of losses. In 2024, the company reported $12 billion in total losses and negative free cash flow exceeding $14 billion. However, by early 2026, BDS had turned profitable with an operating profit of $218 million. The F-15 contract is expected to further strengthen Boeing's financial position as it complements its recent win for the development of a next-generation fighter jet. The deal could span over ten years and may not reach full value depending on task orders issued by participating nations.
