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  • Wednesday, April 24, 2024

Boeing Secures $223M Army FMS Contract Funds for Saudi CH-47F Helicopter Production


Boeing (NYSE: BA) has received a $222.5 million contract modification from the U.S. Army to build and deliver eight CH-47F helicopters to Saudi Arabia’s land forces aviation command.

The Army Contracting Command obligated the full modification amount at the time of award from fiscal 2017 foreign military sales funds, the Defense Department said Wednesday.

DoD noted Boeing will perform work in Ridley Township, Pennsylvania, through July 30, 2021.

Saudi Arabia ordered up to 48 Chinook helicopters along with aircraft engines, global positioning system inertial navigation platforms, machine guns and common missile warning systems from the U.S. government through a potential $3.51 billion FMS deal the State Department approved in December.

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