Boeing Secures $93M Contract to Substantiate Helicopter Tech Designs for U.S. Army

Boeing (NYSE: BA) has received a potential five-year, $92.5M cost-plus-fixed-fee contract from the U.S. Army to help develop aircraft technology concepts and designs from selected candidates.

The Defense Department said Tuesday that Boeing will provide engineering, analysis, technical and test services in line with the Army and DoD’s technology mission objectives.

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The company must achieve Army and DoD standards for technologies and services involving the AH-64 Apache, A/MH-6M Little Bird and H-47 Chinook helicopters.

The Army Contracting Command obtained one proposal for the contract and will determine work locations and funding upon issuance of each task order.

The project is slated for completion on Sept. 18, 2023.

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