by Staff Writers
New York (AFP) June 11, 2013
US aerospace giant Boeing announced Tuesday it has received a multi-year $4 billion order from the US Army for 177 more CH-47F Chinook helicopters.
The five-year deal includes an option for the army to buy 38 additional Chinooks, a multi-mission, twin-engine transport helicopter, Boeing said in a statement.
"This order would eventually bring the Army's CH-47F total procurement close to its target of 464 aircraft, including 24 to replace peacetime attrition aircraft," the Chicago-based company said, noting the army currently has 241 of the F-model aircraft.
Deliveries are to begin in 2015.
The order comes amid sharp, broad-based government "sequester" spending cutbacks that are especially hard-hitting for the Defense Department.
"This contract will enable Boeing and our partners and suppliers in 45 states to bring stability to the workforce and to invest in production tooling, processes and other capital improvements," Boeing said.
The contract, which is more cost-effective than annually contracting for the aircraft, will save the US Army more than $800 million, it said.
"This multi-year contract provides unprecedented savings for the US Army and American taxpayers," Colonel Robert Barrie, US Army project manager for Cargo Helicopters, said in the statement.
Aerospace News at SpaceMart.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|