Hello, Guest!
  • Thursday, April 18, 2024

Report: Boeing to Receive New Army Chinook Contract in May

BoeingLogoBoeing (NYSE: BA) is scheduled to receive a contract in May for a second batch of CH-47 Chinook helicopters after the company and the U.S. Army agreed to a price.

This second multi-year contract will comprise of 155 helicopters and options for 60 more, 16 of which are set aside for Turkey and the United Arab Emirates, Flightglobal reports.

Army Col. Bob Marion, project manager for cargo helicopters, told Flightglobal the Army will award the contract to Boeing after the branch finishes processing the needed documents.

Dave Mamjudar writes the new agreement reduces the contract’s cost by 19.2 percent, or $810 million.

Lt. Col. Michael Hauenstein, CH-47F product manager, told Flightglobal the helicopters will start to roll off the production line in April 2015.

Video of the Day

Related Articles

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024 Financial Reports

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024

Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment Contract Awards

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment

Boeing (NYSE: BA) has booked a $111.9 million undefinitized firm-fixed-price order from the U.S. Navy to manufacture and deliver avionics long lead time parts and spares in support of the F/A-18E/F Block III and E/A-18G aircraft. The Department of Defense said Thursday the award, which was made against a previously issued basic ordering agreement, supports

GovCon Index, Major US Indexes Ended With Losses on Weak April Start Financial Reports

GovCon Index, Major US Indexes Ended With Losses on Weak April Start

Executive Mosaic’s GovCon Index rose 0.46% to $4,896.02 Friday as 22 of its constituents advanced. However, the index, which tracks the stock performances of 30 major government contractors, still ended 1.35% lower week-on-week due to the weak start in April. Wall Street’s major indexes closed the week with losses despite bouncing back from their slump.