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 , 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.

The article Boeing Wins Apache Attack Helicopter Contracts originally appeared on Fool.com.

Fool contributor Rich Smith has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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