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McDONNELL DOUGLAS RECEIVES $325 MILLION C-17 CONTRACT

 LONG BEACH, Calif., June 2 /PRNewswire/ -- McDonnell Douglas has been awarded $325 million for definitization of the C-17 Globemaster Lot IV production buy, the Air Force announced May 29.
 The Lot IV contract, which covers four aircraft -- production aircraft 11 through 14 -- was signed on Friday after final definitization. It completes funding for the contract, which has a target price of $1.1 billion.
 Long-lead work on the four aircraft covered by the contract is well underway, with P-11, the 11th production aircraft, more than 62 percent complete. Purchase of the four Lot IV aircraft was authorized by Congress in the FY 92-93 defense authorization bill.
 The sixth production C-17, P-6, is scheduled for delivery to the Air Force in June, completing the first two production orders. The contract covering these aircraft, plus engineering development and the flight and ground test program, is 96 percent complete.
 Production aircraft 7 through 10 comprise the third production lot. Work under that contract is 89 percent complete, with P-7 nearly 92 percent complete.
 Purchase of six additional aircraft, P-15 through P-20, in the fifth production lot and long-lead funding for eight more C-17s in the sixth lot were authorized by Congress in the FY 93-94 defense authorization bill.
 -0- 6/2/93
 /CONTACT: Jim Ramsey of McDonnell Douglas Aerospace, 310-522-2567/


CO: McDonnell Douglas Aerospace ST: California IN: ARO SU: CON

BP-JB -- LA026 -- 4660 06/02/93 17:46 EDT
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Publication:PR Newswire
Date:Jun 2, 1993
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