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Boeing Wins Apache Attack Helicopter Contracts

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On Thursday, the U.S. Department of Defense announced a series of three contract awards to Boeing (NYSE: BA  ) , worth a combined $129 million, all relating to the sale of Apache AH-64D attack helicopters to an unspecified foreign country (or countries).

The three contracts, all "firm-fixed-price" contracts "in support of Foreign Military Sales," modify existing contracts for the procurement of Block III Apache helicopters. The two smaller awards, for $39.6 million and $18.4 million, respectively, have estimated completion dates in 2013 -- September 30 and April 30, respectively. The larger award for $71 million will not be complete until October 31, 2017.

Shares of Boeing closed 0.5% higher Thursday, at $77.47, ahead of the contracts' announcement.

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Rich Smith

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

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Related Tickers

11/27/2015 1:02 PM
BA $146.95 Down -0.48 -0.33%
The Boeing Company CAPS Rating: ****