Hello, Guest!
  • Thursday, April 18, 2024

Army Picks Boeing for $185M Contract for Apache Lot 7 Full-Rate Production


ApacheBoeing (NYSE:BA) has landed a $184.9 million contract from the U.S. Army for the full-rate production of Lot 7 AH-64 Apache helicopters.

The Army Contracting Command awarded the contract through a solicitation with one bid received, the Defense Department said Monday.

The full obligated amount is from fiscal 2016 “other procurement” funds, DoD added.

Boeing will conduct work in Mesa, Arizona, throughout June 30, 2017.

Apache helicopters are used by the Army and international defense forces as a multi-role combat helicopter for missions that seek to locate, track and attack targets using laser, infrared and other systems along with guided Hellfire missiles and dual-purpose ammunition rounds.

Negotiations between Boeing and the Army were discussed in January for a potential multiyear deal that could be worth up to $4 billion for the sales of 240 AH-64s.

Video of the Day

Related Articles

Godspeed Capital-Backed Space & Missile Defense Tech Platform to Operate Under SAS Brand; Heather Bulk Quoted News

Godspeed Capital-Backed Space & Missile Defense Tech Platform to Operate Under SAS Brand; Heather Bulk Quoted

Godspeed Capital Management has partnered with Special Aerospace Services to establish a new platform focused on delivering space engineering, missile defense, hypersonics and communications technologies to U.S. defense and intelligence community agencies and commercial space clients. Heather Bulk, co-founder and CEO of SAS, will lead the new platform as it operates under the SAS brand,

Army Begins Market Research for ACCESS Acquisition Effort Contract Awards

Army Begins Market Research for ACCESS Acquisition Effort

The U.S. Army has started soliciting information from stakeholders to help inform its acquisition approach for the planned Army Contracting Command Enterprise for Sourcing Services procurement program, also known as ACCESS. ACCESS will be the successor to the multiple-award Responsive Strategic Sourcing for Services indefinite-delivery/indefinite-quantity contract, according to a request for information published Wednesday. The

Rick Simpson Named Chief Finance Officer at Exostar Executive Moves

Rick Simpson Named Chief Finance Officer at Exostar

Rick Simpson, formerly chief financial officer at CB Insights, has assumed the CFO position at Exostar, a Herndon, Virginia-headquartered provider of cloud-based secure business collaboration software. Simpson brings to the role three decades of experience overseeing corporate development, financial planning and analysis, human resources, corporate information technology and mergers and acquisitions for various companies, Exostar