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$3.4B Multi-Year Apache Contract Expedites Future Foreign Military Sales, Saves Army 10 Percent

Wednesday, March 29th, 2017

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A recent five-year, $3.4 billion multi-year contract for Boeing [BA] AH-64E Apache gunships not only saves the Army and Saudi Arabia money for each helicopter, but establishes a relatively swift onramp for additional allied armies to purchase the aircraft.The contract, announced March 16, has a base value of $3.4 billion. That base contract includes 244 AH-64Es for the U.S. Army and a concurrent option for another 24 exercised by Saudi Arabia as part of the multi-year procurement agreement.It is the…

Congress

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]

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SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction

The Senate Armed Services Committee (SASC) has approved its $1.14 trillion version of the next defense policy bill, adopting “right to repair” reform to provide the military services’ greater ability […]

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House Appropriators Unveil $1.07 Trillion FY ‘27 Defense Bill, Restore Funds For E-7, Army Aviation

House appropriators on Wednesday released their $1.07 trillion fiscal year 2027 defense spending bill, with the legislation reversing Army aviation cuts, restoring funding for the Air Force’s E-7 Wedgetail program […]

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MOSA Implementation By Pentagon Lagging, GAO Official Says

While the Modular Open Systems Approach (MOSA) has been a requirement for major defense acquisition programs since January 2019 and other Defense Department acquisitions since January 2021, few programs are […]