Boeing's MQ-25A Stingray Drone Contract Awarded at Lower Cost Than Expected
The U.S. Navy has awarded Boeing a $552 million fixed-price contract to deliver three MQ-25A Stingray drones, with additional funds allocated for components of future units. This deal implies an average cost per drone as low as $184 million—significantly below the initial government estimate of around $207–$209 million each. The MQ-25A is a refueling tanker designed to extend the range of fighter jets from aircraft carriers, and Boeing completed its first test flight in 2023 after an eight-year development period. Despite delays—initial operating capability isn't expected until 2029—the Navy appears satisfied with the reduced cost. For Boeing, this represents a mixed outcome: while per-unit revenue is lower than anticipated, delivering under budget could improve its reputation and potentially lead to more orders in the future. The full contract is not due for completion before 2031.
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Topics: Boeing drone development MQ-25A Stingray U.S. Navy contract