DSCA Details Potential $1B in Missile, Helicopter Service Deals for Iraq

ContractThe State Department has approved two foreign military sales agreements with Iraq worth more than $1 billion combined that cover Lockheed Martin-built (NYSE: LMT) defense equipment and logistics support for the country’s rotorcraft from Bell Helicopter.

The Defense Security Cooperation Agency said Tuesday that Iraq has asked to buy 5, 000 Lockheed-made AGM-114K/N/R Hellfire missiles, other parts and equipment and training and logistics services for $700 million.

Iraq also requested missile conversion, transportation, documentation, blast fragmentation sleeves and training equipment as part of efforts to bolster ground and contingency operations for its security forces.

A separate five-year, $500 million agreement would cover aviation sustainment and maintenance support, on-the-job maintenance training, site surveys, logistics, life support costs and quality assurance personnel for the country’s Bell 407, OH-58 and Huey II helicopters.

Five representatives from the U.S. government and 25 from Bell would be required to travel to or stay in Iraq during the contract period.

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