The U.K.’s ministry of defense couldÂ award a $2.9 billion contract for the purchase of 50 Apache helicopters toÂ Boeing (NYSE: BA), The Telegraph reportedÂ Saturday.
Alan Tovey writes MoD could issueÂ the procurement and servicing contract to the U.S. companyÂ at the Royal International Air Tattoo military air show in July.
“The Apache program is currently in its assessment phase, and we expect to make a decision by summer 2016, ” a spokesman for theÂ U.K.’s MoD said, according to the report.
The report addedÂ Leonardo-Finmeccanica has also sought toÂ 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 theÂ original fleet of 67 Apache helicopters for the British armed forces, The Telegraph added.