Hello, Guest!
  • Monday, April 29, 2024

Boeing Awarded $238M Army Helicopter Maintenance Services Extension; Tim Sassenrath Comments


boeing logoThe 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.

“Our 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, ” 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.

Video of the Day

Related Articles

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week Financial Reports

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week

Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) yielded a gain.

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024 Financial Reports

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024

Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment Contract Awards

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment

Boeing (NYSE: BA) has booked a $111.9 million undefinitized firm-fixed-price order from the U.S. Navy to manufacture and deliver avionics long lead time parts and spares in support of the F/A-18E/F Block III and E/A-18G aircraft. The Department of Defense said Thursday the award, which was made against a previously issued basic ordering agreement, supports