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

Wednesday, April 12th, 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

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

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Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]

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All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]

Congress

Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]