Boeing Company (NYSE:BA) traded lower on Friday after a supplier secured a major avionics modernization contract tied to the U.S. Air Force's C-17 aircraft fleet.
Intellisense Systems said Boeing selected the company to provide upgraded cockpit technology for the C-17 Flight Deck Replacement program.
The lifetime value of the award could exceed $400 million.
Avionics Upgrade Targets Aging Fleet
The modernization effort focuses on replacing outdated cockpit hardware across the global C-17 transport aircraft fleet.
