Boeing Gets $541M Army FMS Contract Modification to Continue CH-47 Helicopter Production for Netherlands

Boeing (NYSE: BA) has received a $541.1 contract modification from the U.S. Army to manufacture lot 15 CH-47F cargo renew and new build helicopters for Netherlands under a foreign military sales deal.

The Defense Department said Friday the full obligated amount at the time of award of the modification is from fiscal 2010, 2016 and 2017 “other” funds and work is scheduled to occur through Dec. 31, 2020, in Ridley Township, Pennsylvania.

Netherlands ordered $1.05 billion in Boeing-built CH-47Fs and associated equipment from the U.S. government through an FMS agreement the State Department cleared in March 2015.

The Dutch air force uses the Chinook platform in troop movement, medical evacuation, disaster relief, firefighting and search-and-rescue operations as well as support homeland defense and security cooperation efforts.

CH-47F Chinook helicopters are equipped with an integrated digital cockpit management system, a common aviation architecture cockpit and cargo handling systems.

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