Boeing Wins Apache Attack Helicopter Contracts

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.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2178508, ~/Articles/ArticleHandler.aspx, 7/24/2014 10:56:27 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement