Boeing Company (BA) shares rose Tuesday after the aerospace giant landed a pair of defense contracts that underscore its continued importance to U.S. military operations.

The Big Pentagon Win

The headline grabber is an $8.6 billion contract for the F-15 Israel Program, awarded by the Pentagon following a meeting between President Donald Trump and Israeli Prime Minister Benjamin Netanyahu in Florida. That's not pocket change, even by defense industry standards.

The work will take place in St. Louis, with completion expected by the end of 2035. So Boeing's St. Louis facility has visibility on a major project for the next decade, which matters when you're thinking about manufacturing capacity and workforce planning.

This comes on the heels of another Pentagon contract last week, a $2 billion deal for the B-52 commercial engine replacement program. Boeing seems to be stacking wins with the Defense Department lately.

Warhead Production Deal

Beyond the F-15 program, Boeing revealed it awarded Spectra Technologies, LLC a $92.3 million subcontract for producing warheads for the Small Diameter Bomb program. Spectra operates as a wholly owned subsidiary of National Defense Corporation, which itself is the defense segment holding company of National Presto Industries, Inc. (NPK).

Deliveries under this arrangement are slated to begin in late 2026, once Spectra wraps up its existing Small Diameter Bomb warhead orders with Boeing. It's essentially extending a relationship that's already in place.

BA Price Action: Boeing shares were up 1.96% at $221.50 at the time of publication on Tuesday.