The award is a routine, sole-source IDIQ for ongoing MQ-25A development. With no immediate funding obligated, the revenue impact is negligible relative to Boeing's scale. Monitor future task order obligations for incremental revenue visibility.
Price Chart
Executive Summary
The Boeing Co. received an $80 million IDIQ contract from the U.S. Navy for continued development and sustainment of the MQ-25A Stingray unmanned aircraft system. The award is a sole-source, cost-plus-fixed-fee contract with work through October 2031, but no funds are obligated at award.
Key Financial Metrics
Key Facts
- Contract ceiling value: $80 million
- Awarding agency: Department of Defense (Navy)
- Contract type: cost-plus-fixed-fee, cost-no-fee, indefinite-delivery/indefinite-quantity
- Work scope: system improvements, configuration development, integration, production readiness, and sustainment for MQ-25A Stingray
- Performance period: through October 2031
- No funds obligated at time of award; funds obligated on individual orders
- Contract was not competitively procured (sole-source)
- Company annualized revenue: $98.24 billion
Financial Impact
Award ceiling of $80 million represents approximately 0.08% of Boeing's annualized revenue of $98.24 billion.
Risk Factors
- No funds obligated at award; actual revenue depends on future task orders
- Cost-plus contract structure limits margin upside
- Program execution risk on unmanned aircraft system development
Investment Themes
Documents Analyzed
This report is based on 1 federal contract record from official U.S. government contract data.
| Document | Accession Number |
|---|---|
| GOVT-CONTRACT Data (Synthetic) | contract-N0001927D1006 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 8-K | $189.45 | awaiting T+5 | — | $170.69 (+9.90%) |
Oct 16, 2026 11d ago | GOVT-CONTRACT | $191.42 $188.31 | ▼ −1.62% | ▼ −1.48% | $170.69 (−10.83%) |
Oct 16, 2026 11d ago | GOVT-CONTRACT | $191.42 $188.31 | ▼ −1.62% | ▼ −1.48% | $170.69 (−10.83%) |
Oct 9, 2026 18d ago | ANALYST-UPGRADE | $190.37 $188.73 | ▼ −0.86% | ▲ +0.01% | $170.69 (−10.34%) |
Sep 29, 2026 27d ago | Press Release | $186.05 $188.32 | ▲ +1.22% | ▼ −0.69% | $170.69 (−8.26%) |
Sep 28, 2026 29d ago | GOVT-CONTRACT | $187.68 $189.82 | ▲ +1.14% | ▼ −0.81% | $170.69 (−9.05%) |
Sep 11, 2026 6w ago | GOVT-CONTRACT | $210.27 $201.15 | ▼ −4.34% | ▼ −6.00% | $170.69 (−18.82%) |
Aug 21, 2026 9w ago | 8-K | $210.46 $207.78 | ▼ −1.27% | ▼ −1.74% | $170.69 (−18.90%) |
Aug 13, 2026 10w ago | GOVT-CONTRACT | $231.67 $214.20 | ▼ −7.54% | ▼ −6.17% | $170.69 (−26.32%) |
Aug 13, 2026 10w ago | Court Ruling | $231.67 $214.20 | ▼ −7.54% | ▼ −6.17% | $170.69 (−26.32%) |
US Market Status
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