
U.K. Defense Secretary Philip Hammond unveiled a new $195 million agreement with Boeing Defense UK [BA] to maintain engines on the increased fleet of 60 Chinooks as the first of new Chinook helicopters unveiled. The new agreement with Boeing announced Monday replaces five existing support contracts with one agreement, expected to save taxpayers more than about $33.9 million. “This is a pathfinder program for MoD-wide performance-based contracting,” David Pitchforth, managing director of Boeing Defense UK (BDUK), said in a statement. “As…