The Telegraph: UK Eyes Boeing for $2.9B Apache Helicopter Contract


ApacheThe U.K.’s ministry of defense could award a $2.9 billion contract for the purchase of 50 Apache helicopters to Boeing (NYSE: BA), The Telegraph reported Saturday.

Alan Tovey writes MoD could issue the procurement and servicing contract to the U.S. company at the Royal International Air Tattoo military air show in July.

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“The Apache program is currently in its assessment phase, and we expect to make a decision by summer 2016, ” a spokesman for the U.K.’s MoD said, according to the report.

The report added Leonardo-Finmeccanica has also sought to secure the deal, which would sustain production within the U.K. at the company’s Somerset facility.

Westland, now a subsidiary of Leonardo-Finmeccanica, produced the original fleet of 67 Apache helicopters for the British armed forces, The Telegraph added.

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