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  • Friday, April 19, 2024

Boeing Gets $240M Army Contract for 2nd Phase of Apache Engine Integration

Boeing (NYSE: BA) will continue to help the U.S. Army install turbine engines on AH-64E Apache military helicopters under a five-year, $239.6 million contract.

The service branch obligated $18 million at the time of award for Apache Improved Turbine Engine Integration Phase II work using fiscal 2021 and 2022 research, development, test and evaluation funds, the Department of Defense said Thursday.

Efforts under the cost-plus-fixed-fee contract will take place in Mesa, Arizona, through Dec. 31, 2026.

The aerospace and defense company was awarded a 30-month, $33.5 million contract in August 2019 for non-recurring engineering design services to the program.

Boeing was tasked with installing a new turbine engine technology from General Electric‘s (NYSE: GE) aviation subsidiary, which won a $517.4 million engineering and manufacturing development contract from the Army in February 2019 to replace engines that currently power the Apache and Black Hawk fleets.

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