-5-year contract will save more than $800 million
RIDLEY TOWNSHIP, Pa., June 11, 2013 /PRNewswire/ — In an agreement that will save the U.S. government more than $800 million, the Army and Boeing (NYSE: 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 con-
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U.S. Army soldiers prepare a Humvee to be sling-loaded by a CH-47 Chinook helicopter in Bagram on July 24, 2004. (Photo credit: Wikipedia)
tracting for the aircraft, begin in 2015.
\”This multi-year contract provides unprecedented savings for the U.S. Army and American taxpayers,\” said Col. Robert Barrie, U.S. Army project manager for Cargo Helicopters. \”But the most important benefit is the continued support these aircraft will provide to soldiers in the field and civilians in distress.\”
The tandem-rotor Chinook is the backbone of combat, logistics and humanitarian operations for the U.S. Army and 18 other operators around the world. 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 Army\’s current inventory stands at 241 F-model aircraft.
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