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Army, Boeing Sign $4.3 Billion CH-47F Helicopter Deal

DDN

Tuesday, September 2nd, 2008

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Boeing [BA] received a five-year, $4.3 billion Army contract for 181 CH-48F Chinook helicopters and 10 more Chinooks under fiscal year 2008 supplemental funding. The award contains options for an additional 24 aircraft over the course of the contract. "This multiyear award will yield a cost savings of more than $449 million for the U.S. Army and taxpayers," Jack Dougherty, vice president, Boeing H-47 Programs, said. "This also builds security into our production schedule for the next five years, stabilizing…

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