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

Dan Parsons By
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$3.4B Multi-Year Apache Contract Expedites Future Foreign Military Sales, Saves Army 10 Percent
A pilot from of 1st Squadron, 229th Attack Reconnaissance Battalion, at Joint Base Lewis-McChord, Wash., flies the new AH-64E Apache Longbow Photo: U.S. Army

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…

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