State Dept Clears Egypt's $2.3B Request for Apache Helicopter Equipment, Support Services

The State Department has approved a proposed $2.3B foreign military sale of aircraft engines and weapon systems to support the Egyptian government’s efforts to modernize its Boeing-built (NYSE: BA) AH-64E Apache attack helicopters.

The Defense Security Cooperation Agency said Thursday that Boeing and Lockheed Martin (NYSE: LMT) will serve as prime contractors in the transaction, which also includes simulation training systems and logistics services.

Items under the potential FMS agreement include General Electric-built (NYSE: GE) T700-GE-701D aircraft engines, AN/ASQ-170 night vision sensors, common missile warning systems, GPS technologies, AN/APX-119 identify friend or foe transponders, M299 Hellfire missile launchers and various firearms.

According to DSCA, Egypt intends to leverage the modernized AH-64E aircraft to support allied efforts to counter terrorist activities in the Sinai Peninsula and build up interoperability with the U.S. and other allies.

DSCA said it notified Congress of the deal Thursday.

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