Boeing to Produce 82 Army Apaches for $1.1B

Boeing Logo w-borderBoeing (NYSE: BA) has been awarded a $1, 156, 446, 681 modification to perform full-rate production work on 72 remanufactured and 10 new AH-64E Apache helicopters for the U.S. Army.

The Army has obligated $380, 043, 678 in fiscal year 2013 procurement funds and $494, 322, 830 in fiscal 2014 other procurement funds at the time of award, the Defense Department said Tuesday.

The company will also refresh five crew trainers, refurbish one crew trainer, perform integrated logistics support and also provide ground support equipment to the Army.

Work will occur in Mesa, Ariz. through June 30, 2016.

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