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Boeing Submits Proposal to Army for Production of 155 CH-47F Helicopters

Boeing  (NYSE: BA) has submitted a proposal to the U.S. Army for a multi-year contract for the production and delivery of 155 CH-47F helicopters.

The second five-year, firm fixed-price proposal would provide the Army with close to the full complement of 464 Chinooks outlined in the U.S. Defense Department’s program of record for the CH-47F helicopter.

“This second multi-year contract proposal will provide not only the vertical lift capability that warfighters use and need every day, but also will generate hundreds of millions of dollars in savings for taxpayers and the U.S. government, ” said Leanne Caret, Boeing’s vice president of H-47 programs. “With this contract Boeing, and its partners in more than 45 states, will be able to negotiate longer-term agreements with suppliers, make necessary investments in production tooling and processes, and more effectively plan for capital expenditures.”

The CH-47F has logged nearly 70, 000 flight hours and maintained an operational readiness rate of more than 85 percent conducting air assault, transport, medical evacuations and support operations.

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