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Army Expects $500 Million Savings On Chinook Multi-Year Contract

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By Ann Roosevelt NATIONAL HARBOR, Md.---By June, Boeing [BA] expects to have signed on to a five-year contract to support the CH-47 Chinook helicopter expected to save the service $500 million, according to officials. "We've estimated half a billion savings," Col. Newman Shufflebarger, Army Chinook project manager, said yesterday at the annual Army Aviation Association of America conference here. The five-year contract will cover some 180-190 airframes, a mix of the renewed, F- and G-model Chinooks. Right now, two-thirds of…

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