Boeing won an order from Iceland's Avion Group for four 777 freighter aircraft valued at as much as $928 million. The new planes, which...

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Boeing won an order from Iceland’s Avion Group for four 777 freighter aircraft valued at as much as $928 million.

The new planes, which will be operated by Avion Group’s Air Atlanta Icelandic aircraft-leasing unit, will be delivered in February 2009, Boeing said yesterday. The agreement includes options for two additional 777s, it said.

It’s the second order for the freighter since Boeing launched it with an order for five from Air France-KLM in May. The aircraft is based on the 777-200LR, the world’s longest-range commercial jet. It has a list price of $209 million to $232 million.

Including an order for the cargo conversion of three 747 passenger jets that Avion is now negotiating with Boeing, the contract is valued at about $1 billion at list prices, Boeing said.

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Spy-satellite plans

being “restructured”

Boeing’s contract to develop and build U.S. spy satellites, plagued by cost overruns and technical problems, is being “restructured,” according to the government agency that manages the U.S. spy-satellite program.

National Reconnaissance Office spokesman Rick Oborn declined to say how the Future Imagery Architecture contract will change, saying Boeing will remain the prime contractor. The agency traditionally hasn’t discussed the program or its value, estimated by analysts at as much as $19 billion.

The shake-up could move the bulk of the work to Lockheed Martin, people familiar with the matter have said.

Spokesmen for Boeing and Lockheed said they had not been notified of any change to the contract.