Boeing Wins $1.6B South Korea Apache Sale

BoeingLogoBoeing (NYSE: BA) has won a $1.6 billion sale of 36 attack helicopters to South Korea through 2018 and will also provide training and logistics support services to the country.

South Korea intends to replace its aging helicopters with the AH-64E Apache Guardian, which contains a 30-millimeter chain gun and can carry Hellfire missiles and rocket pods, the Yonhap News Agency reports.

Baek Yoon-hyeong, a spokesman for South Korea’s Defense Acquisition Procurement Administration, said the Army intends to use the Apaches to address the recent threats against the country by North Korea and handle provocations, Yonhap reports.

Kim Eun-jung writes Gen. James Thurman, the commander of Combined Forces Command, asked the U.S. government in June 2012 to deploy 24 Apache helicopters to South Korea.

Army Gen. Ray Odierno, the branch’s chief of staff, said in January the government would make a decision soon, according to the Yonhap report.

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