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US, Iraq Strike $6B Deal for Boeing Apache Helicopters

ArmyLogisticsIraq will acquire 24 Boeing-made (NYSE: BA) Apache attack helicopters through an approved $6.2 billion deal under the Pentagon’s foreign military sales program, Defense News reported Monday.

Paul McLeary writes the Iraqi military’s purchase and lease of AH-64Es was approved by a U.S. congressional panel Monday.

The deal also includes spare parts production, training, maintenance and technical support services, according to the article.

McLeary reports that at least one government representative and 67 contractor employees will be deployed in Iraq to fullfill the contract’s support work requirements.

Iraq also ordered 500 Lockheed Martin (NYSE: LMT) Hellfire missiles for its Apache fleet.

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