Boeing lands $14.7 billion deal to triple PAC-3 seeker production in Huntsville

The FAA concluded a software anomaly in Boeing 737 aircraft does not pose an unsafe condition, clearing a path for 737-10 certification. The issue, reported by WestJet, affects flight management systems but allows pilot control. Boeing and GE Aerospace are working on a permanent fix. Airlines like United and Southwest prefer older software versions. The 737-10, competing with Airbus A321neo, is in final certification stages, delayed from original schedule.

Boeing (BA) secured a $14.7 billion contract with Lockheed Martin to supply PAC-3 MSE seekers for the Patriot system. The multi-year agreement involves tripling production at Boeing's Huntsville, Alabama facilities and expanding manufacturing capacity. Boeing has a market cap of $152.3 billion and operates in aerospace, defense, and space sectors.

The Everest ransomware gang claims to have stolen Boeing's proprietary source code from FlyDubai, including 2,827 Java files and confidential documents. FlyDubai has not responded, and no data samples have been verified. The alleged breach raises intellectual property and technology liability concerns for Boeing, FlyDubai, and third parties. Boeing may have claims against FlyDubai for failing to protect its confidential material.

The Everest ransomware group claims to have stolen 4.36GB of data from FlyDubai, including 2,862 employee records and Boeing software source code. The data allegedly includes pilot training materials, operational directives, and confidential aviation documents. Cybernews researchers warn of potential risks, including phishing, reputational damage, and legal issues. FlyDubai has not yet responded to requests for comment.

Boeing received a $14.7B contract from Lockheed Martin to triple production of PAC-3 MSE seekers, a key component of the Patriot missile defense system. The deal aligns with U.S. defense expansion efforts. Boeing has already invested in factory upgrades and supplier network strengthening.

Boeing secured a $14.7 billion contract from Lockheed Martin to triple production of seekers for PAC-3 MSE missiles, a critical component in short supply. The seven-year deal supports a $58.6 billion Pentagon contract for increased PAC-3 MSE production, aiming to address a bottleneck in Patriot interceptor manufacturing. Production will expand through 2035, with gradual output increases each year.