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.

“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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