Army Taps Boeing for $667M Apache Helicopter FMS Contract With Qatar

ApacheBoeing (NYSE: BA) has received a potential four-year, $667.5 million contract from the U.S. Army to deliver 24 AH-64E Apache helicopters and related equipment to Qatar as part of a foreign military sales agreement.

The company will perform work in Mesa, Arizona, through May 31, 2020, under the fixed-price-incentive contract and the Army Contracting Command will obligate $136 million in funds at the time of award, the Defense Department said Tuesday.

DoD said the FMS deal also covers 1 Longbow crew trainer,  Thales-built radios and ground support tools.

Qatar proposed a potential $3 billion FMS agreement in July 2012 to procure 24 Apache helicopters, associated equipment, logistics and training support from the U.S. government.

The Defense Security Cooperation Agency identified Boeing, Lockheed Martin (NYSE: LMT), General Electric, Raytheon (NYSE: RTN) and Lockheed-Northrop Grumman (NYSE: NOC) joint venture Longbow as the prime contractors for the sale.

Check Also

health care

Aptive-HTG JV Wins $121M in VA Health System Modernization Task Orders

A joint venture between Aptive Resources and Enterprise Resource Performance Inc. has won two task orders worth $121M combined to provide systems integration and operational support for the Department of Veterans Affairs’ healthcare networks.

IMAP mission

SpaceX to Help Launch NASA’s Heliosphere Exploration Spacecraft Under $109M Contract

SpaceX will provide launch services under a potential $109.4M contract for a NASA-funded mission that seeks to further study the heliosphere’s boundary that produces a magnetic barrier protecting the solar system. NASA said Saturday its Interstellar Mapping and Acceleration Probe mission will examine the neutral particles that pass through the barrier and study how particles become faster in space.