Boeing Lands $92 Million Taiwan Helo Contract

By Rich Smith – Aug 8, 2013 at 9:09PM

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Taiwanese helicopter deal passes $716 million in total value.

The U.S. Department of Defense announced 14 new contracts Thursday, worth more than $640 million, potentially. By far the largest of these awards was a construction contract being split among six smallish construction companies, but the second largest contract went directly to the nation's biggest defense contractor: Boeing (BA 1.51%).

According to the Pentagon, Boeing is being awarded a "modification" of an existing firm-fixed-price, option-filled, foreign military sales (FMS) contract to supply Block III Apache AH-64D attack helicopters to the Taiwanese military.

Valued at $92.3 million, this contract modification lifts the size of the underlying Apache contract past $716 million in total value.

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