Boeing Awarded US Army Contract for 14 Additional CH-47F Chinook Helicopter

RIDLEY TOWNSHIP, Pa., Jan. 11, 2012 — The Boe­ing Com­pa­ny [NYSE: BA] has received a U.S. Army con­tract val­ued at approx­i­mate­ly $370 mil­lion for 14 CH-47F Chi­nook heli­copters to sup­port For­eign Mil­i­tary Sales efforts.

The air­craft will be deliv­ered to the U.S. Army begin­ning in 2014; all but one are intend­ed for Aus­tralia and the Unit­ed Arab Emirates.“This new air­craft sale brings our Chi­nook back­log to more than 200 air­craft for both domes­tic and inter­na­tion­al cus­tomers world­wide,” said Leanne Caret, H-47 Pro­grams vice pres­i­dent. “Boeing’s recent $130 mil­lion invest­ment to cre­ate a world-class Chi­nook man­u­fac­tur­ing facil­i­ty near Philadel­phia means we are well posi­tioned to respond to this demand.”
Sev­en of the new Chi­nooks will be deliv­ered to the Aus­tralian Defence Force and six air­craft will be deliv­ered to the Unit­ed Arab Emi­rates under the terms of a pre­vi­ous­ly announced For­eign Mil­i­tary Sales agree­ment between the U.S. gov­ern­ment and the two coun­tries. One addi­tion­al air­craft is to be deliv­ered to the U.S. Army to ful­fill its own require­ments.
“This sale is indica­tive of the tremen­dous inter­est from cus­tomers around the world who need best-in-class, mul­ti­role heavy-lift capa­bil­i­ties for mil­i­tary and human­i­tar­i­an mis­sions,” Caret added.
The H-47 pro­gram is at the mid­point of exe­cut­ing a mul­ti­year con­tract for 191 CH-47F Chi­nook air­craft that was award­ed in August 2008 and orig­i­nal­ly val­ued at $4.3 bil­lion. In Novem­ber, Boe­ing sub­mit­ted a pro­pos­al to the U.S. gov­ern­ment for a sec­ond mul­ti­year con­tract for 155 Chi­nooks for the U.S. Army. This sec­ond five-year, firm fixed-price pro­pos­al would pro­vide the Army with close to the full com­ple­ment of 464 Chi­nooks out­lined in the Depart­ment of Defense pro­gram of record and would yield dou­ble-dig­it per­cent­age sav­ings over a sin­gle-year pro­cure­ment strat­e­gy. A deci­sion is expect­ed ear­ly next year.
Since com­plet­ing the first CH-47F pro­duc­tion air­craft in August 2006, Boe­ing has trained and equipped eight U.S. Army units and is in the process of equip­ping the ninth. Six units have com­plet­ed deploy­ments in Iraq and Afghanistan, where the heli­copter has logged near­ly 70,000 flight hours and main­tained an oper­a­tional readi­ness rate of more than 85 per­cent con­duct­ing air assault, trans­port, med­ical evac­u­a­tion and sup­port oper­a­tions.
There are more than 450 Chi­nooks in oper­a­tion with mil­i­tary forces in 17 coun­tries around the world. Inter­na­tion­al oper­a­tors include Japan, Unit­ed King­dom, Italy, Nether­lands, Aus­tralia, Cana­da, Thai­land, Tai­wan, Greece, Korea and Spain.
A unit of The Boe­ing Com­pa­ny, Boe­ing Defense, Space & Secu­ri­ty is one of the world’s largest defense, space and secu­ri­ty busi­ness­es spe­cial­iz­ing in inno­v­a­tive and capa­bil­i­ties-dri­ven cus­tomer solu­tions, and the world’s largest and most ver­sa­tile man­u­fac­tur­er of mil­i­tary air­craft. Head­quar­tered in St. Louis, Boe­ing Defense, Space & Secu­ri­ty is a $32 bil­lion busi­ness with 63,000 employ­ees world­wide. Fol­low us on Twit­ter: @BoeingDefense.
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Tom Mar­in­uc­ci
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Boe­ing Defense, Space & Secu­ri­ty