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Boeing gets $4B contract
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June 4, 2001: 8:00 p.m. ET
Boeing lands Air Force C-130 avionics contract potentially worth $4 billion
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NEW YORK (CNNfn) - The U.S. Air Force has selected Boeing Co. for its C-130 Avionics Modernization Program, a contract potentially worth $4 billion.
Boeing said Monday it will develop "a modern, common cockpit avionics system" for the approximately 500 C-130 transport aircraft in Air Force service.
Boeing (BA: Research, Estimates) said key suppliers to the program include Smith Industries, Northrop Grumman (NOC: Research, Estimates), Honeywell (HON: Research, Estimates), Rockwell Collins and Telephonics.
The contract must still be approved by the Defense Department's Defense Acquisition Board.
Shares of Boeing rose $1.03 to $66.03 Monday. 
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Boeing
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