Boeing Wins $81.5 Million in Defense Contracts
Over the past two in-sequester days, the Pentagon has awarded a total of 42 separate contracts to various contractors, worth well over $4 billion in aggregate.
Among many beneficiaries, Boeing won a total of three contracts in two days:
A $22.5 million contract to perform in-the-field servicing on the U.S. Army's CH-47 Chinook helicopter fleet at various locations to be determined later. The estimated completion date on this work is Sept. 30, 2015.
A $17.9 million contract to perform similar work on non-deployed CH-47 Chinooks, also with a Sept. 30, 2015, completion date.
And finally, a $41.1 million contract to provide for the incremental funding to support upgrades on AH-64 Apache attack helicopters to the Block III configuration, also known as the AH-64E, and nicknamed the "Apache Guardian" helicopter. Full-rate production on the AH-64E was approved in October of last year. Work on this project is expected to be completed by Sept. 30, 2014.
The article Boeing Wins $81.5 Million in Defense Contracts originally appeared on Fool.com.
Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
