Boeing gets $4B helicopter pact from Army
Boeing receives $4 billion contract from Army for CH-47F Chinook helicopters
RIDLEY TOWNSHIP, Pa. (AP) -- Boeing has received a $4 billion, multi-year contract from the Army for 177 CH-47F Chinook helicopters.
The Army has options to buy up to an additional 38 helicopters.
Deliveries are expected to start in 2015.
The order will bring the Army's CH-47F inventory close to its goal of 464 aircraft, including 24 for replacements. The Army's current inventory stands at 241 F-model aircraft.
Shares of Boeing Co. fell 73 cents to $101.51 in Tuesday premarket trading.
