Boeing Will Build the Navy's New Autonomous Submarine
The company's defense arm notches a high-tech win.
February 2019 - by Lou Whiteman for fool.com
Boeing (NYSE:BA) has been awarded $43 million to construct four large unmanned submarines for the U.S. Navy.
The deal's a small one for the aerospace giant but a big step in the right direction for a defense unit that has faced significant criticism over the past two years.
Boeing is working with shipbuilder Huntington Ingalls on the project, with the government award document saying that more than 25% of the work on the Orca will be done at Virginia Beach, Virginia, where Huntington runs the massive Newport News shipyard.