US ARMY AWARDS $4 BILLION CHINOOK CONTRACT TO BOEING
Boeing has been awarded a $4 billion contract for delivery of 177 CH-47F Chinook medium-to-heavy-lift helicopters to the US Army. Representing a cost-effective alternative to the annual contracts, the multi-year contract also features options, which if exercised by Army could increase the total number of aircraft to 215. Expected to help the US Government save more than $800 mil- lion, the contract also eventually brings the Army’s CH-47F total procurement close to its intended target of 464 aircraft, including 24 units for replacement of peacetime attrition aircraft. The US Army Cargo Helicopters Project Manager Colonel Robert Barrie said the multi-year contract provides unprecedented savings for the US Army and taxpayers.