Boeing Wins $2.8B Space Force Contract for Next-Gen Nuclear Comms Satellites

The Boeing Company (NYSE:BA) is one of the best manufacturing stocks to buy according to hedge funds. On July 9, Boeing was awarded a $2.8 billion contract for the Evolved Strategic Satellite Communications/ESS program by the US Space Force. This program is a crucial space-based component of the US nuclear command, control, and communications/NC3 architecture.

The initial contract covers the development and production of two satellites, with options for two additional satellites in the future. The overall ESS Space Segment acquisition is projected to reach $12 billion, with future procurements potentially transitioning to fixed-price contracts.

The ESS space vehicles are designed to provide increased capacity, flexibility, reliability, and resilience compared to the strategic communications satellites currently in orbit. They will be equipped with flexible and resilient signals to protect against interruption or interception. The program modernizes the NC3 capability currently provided by the Advanced Extremely High Frequency/AEHF system.

The Boeing Company (NYSE:BA) designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems, and services worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.