Hello, Guest!
  • Friday, November 22, 2024

Army Picks Boeing for $185M Contract for Apache Lot 7 Full-Rate Production


ApacheBoeing (NYSE:BA) has landed a $184.9 million contract from the U.S. Army for the full-rate production of Lot 7 AH-64 Apache helicopters.

The Army Contracting Command awarded the contract through a solicitation with one bid received, the Defense Department said Monday.

The full obligated amount is from fiscal 2016 “other procurement” funds, DoD added.

Boeing will conduct work in Mesa, Arizona, throughout June 30, 2017.

Apache helicopters are used by the Army and international defense forces as a multi-role combat helicopter for missions that seek to locate, track and attack targets using laser, infrared and other systems along with guided Hellfire missiles and dual-purpose ammunition rounds.

Negotiations between Boeing and the Army were discussed in January for a potential multiyear deal that could be worth up to $4 billion for the sales of 240 AH-64s.

Video of the Day

Related Articles

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week Financial Reports

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week

Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) yielded a gain.

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024 Financial Reports

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024

Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment Contract Awards

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment

Boeing (NYSE: BA) has booked a $111.9 million undefinitized firm-fixed-price order from the U.S. Navy to manufacture and deliver avionics long lead time parts and spares in support of the F/A-18E/F Block III and E/A-18G aircraft. The Department of Defense said Thursday the award, which was made against a previously issued basic ordering agreement, supports