Boeing (NYSE: BA) has agreed to a license with AgustaWestland for U.S. production of the AW101 medium-lift helicopter to enter the U.S. Navy VXX Presidential Helicopter Program.
According to Boeing, the agreement lends the firm full intellectual property, data and production rights for the aircraft in support of the VXX program.
Per the deal, “the aircraft will be a Boeing aircraft, built by Boeing personnel at one of its U.S. facilities.”
“Boeing has a long and extremely successful relationship with AgustaWestland, which has manufactured both the AH-64 Apache in the United Kingdom and the CH-47 in Italy under license from Boeing. We are thrilled to have a trusted participant on our team with valuable insights into the aircraft and the program, ” said Dave Palm, director of Business Development and Strategy for Boeing Rotorcraft Systems.