TLDR
- Boeing secured a contract worth up to $131 billion to support the U.S. Air Force’s F-15 program, covering upgrades, retrofits, and maintenance.
- The deal runs through August 2037 and includes F-15 fleets operated by Japan, Israel, and Saudi Arabia.
- Boeing’s defense division lost $128 million in 2025 and $5.4 billion in 2024, but swung to a $218 million operating profit in the first half of 2026.
- BA stock was up around 1% in premarket trading at $213.02 following the announcement.
- The contract covers work at Boeing’s St. Louis factory, where the company recently ratified a five-year deal with union machinists.
Boeing locked in a contract worth up to $131 billion to support the U.S. Air Force’s F-15 fighter jet program. The deal was announced Monday and sent BA stock up roughly 1% in premarket trading to $213.02.
Boeing $BA was just awarded a $131.2 Billion contract with the 🇺🇸 Air Force
"For the F-15 Eagle Crest in support of the F-15 Program Office. This contract provides for aircraft production, systems integration, modernization, upgrades, retrofits, sustainment, and the… pic.twitter.com/JUbeAz308m
— Evan (@StockMKTNewz) August 24, 2026
The contract covers upgrades, retrofits, and maintenance work across F-15 fleets both in the U.S. and with foreign military customers, including Japan, Israel, and Saudi Arabia. The exact number of jets and delivery schedule still need to be finalized.
Work under the contract will run through August 2037, based out of Boeing’s St. Louis factory. Boeing expanded its footprint there in recent years and last year ratified a five-year agreement with local union machinists.
Vertical Research Partners analyst Rob Stallard noted on Tuesday, “That’s a lot of F-15 support,” adding that the deal spans maintenance and upgrades for the jet.
The F-15 was first introduced by McDonnell Douglas in the 1970s. The newest version, the F-15EX Eagle II, entered service in 2021. Boeing says the aircraft carries more weapons payload than any other fighter jet in service.
Defense Division Turning a Corner
Boeing’s defense and space business has had a rough few years. Fixed-price contracts got squeezed by inflation, leading to a $5.4 billion operating loss in 2024 and a $128 million loss in 2025. The division has not posted a full-year profit since 2021.
But the numbers are moving in the right direction. The defense and space unit posted a $218 million operating profit in the first half of 2026, on sales of $15.1 billion. Boeing’s total first-half 2026 sales came in just under $47 billion.
A contract of this size gives the division a long runway of predictable revenue tied to an established aircraft program.
BA Stock Has Had a Rocky Year
Coming into Tuesday, BA stock was down 3% for the year and off 7% over the past 12 months. The stock hit above $240 in early August before pulling back as crude oil prices climbed from around $77 to $86 a barrel in recent weeks.
Jet fuel costs are a key concern for airlines, which can weigh on aircraft demand and Boeing’s commercial business outlook. The stock had already dipped below $190 in March before recovering above $240 in May.
Boeing’s commercial airplane segment remains the primary driver of day-to-day trading in BA stock.
The F-15 contract covers potential work across the full fleet through 2037 and represents one of the largest defense service agreements Boeing has secured in years.
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