Boeing Awarded $488M to Remanufacture Apache Helicopters for UK Army

Boeing (NYSE: BA) has received a $488.1 million contract modification from the U.S. Army to remanufacture 38 helicopters for the U.K. army and acquire three crew trainers along with associated spares as part of a foreign military sales agreement.

The Defense Department said Thursday the modification covers remanufacturing of 38 AH-64 Apache aircraft as well as the provision of three Longbow crew trainers to the U.K. military.

The Army Contracting Command obligated the full amount of the modification from fiscal 2010 “other” funds at the time of award.

Boeing will perform work in Mesa, Arizona, through May 31, 2024.

The U.K.’s ministry of defense said in July 2016 that it would buy up to 50 AH-64Es for the country’s army as well as nine P-8A Poseidon maritime surveillance planes for the U.K. air force as part of two foreign military sales deals with the U.S. government worth a combined $6.2 billion.

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