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Army, Boeing Sign $4 Billion Chinook Multi-Year II Procurement Contract

Gally Articola

Wednesday, June 19th, 2013

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In an agreement expected to save the government more than $800 million, the Army and Boeing [BA] have signed a $4 billion multi-year contract for 177 CH-47F Chinook helicopters, with the Army holding options that could increase its total buy to 215 aircraft. Deliveries from the agreement, which is a cost-effective alternative to annually contracting for the aircraft, begin in 2015, as the first multi-year contract winds down. “This multi-year contract provides unprecedented savings for the U.S. Army and American…

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