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Boeing Receives $1 Billion Contract For Canadian Chinooks

DDN

Friday, August 14th, 2009

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Boeing [BA] recently said it has received a $1.15 billion contract from the Canadian government for 15 new CH-47F Chinook heavy-lift helicopters. Under the contract, Boeing will match Canada's purchase price by executing contracts and investments of equal value with Canadian industry. In March, Canada issued Boeing a request for proposal to acquire Chinook helicopters, and yesterday's announcement is the outcome (Defense Daily, Aug. 11, 2008). Designated the CH-147 in Canada, the Chinooks have been contracted to meet Canada's Medium-to-Heavy…

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