The U.S. Army has awarded Boeing (NYSE: BA) a potential five-year, $238 million contract to continue to provide repair and overhaul services for AH-64 Apache and CH-47 Chinook military helicopters.
Boeing said Friday it has helped maintain the multirole helicopters at a depot in Corpus Christi, Texas, since 2004.
âOur partnership at Corpus Christi Army Depot allows Boeing and the Army to bring the best of both government and industry to aircraft readiness and availability, â said Tim Sassenrath, vice president and program manager of Boeing’s rotorcraft support business.
The company also performs technical, engineering and logistics support work on both Chinook and Apache platforms.
The contract has a one-year base performance period and four option years.