Boeing gets $3.3 billion Apache helicopter sale to Saudi Arabia

[CORRECTION: The contract modification originally announced on March 15, 2017, for the Boeing Co., Mesa, Arizona, inaccurately identified the modification solely as a foreign military sales contract to Saudi Arabia. The modification was actually to an Apache multi-year contract W58RGZ-16-C-0023 (inclusive of foreign military sales – Saudi Arabia). Additionally, there was an error in the obligated funds, as the Fiscal 2010 funding was previously announced as other procurement (Army); it is actually foreign military sales. All other information in the announcement was correct.]

Boeing this week was awarded a nearly $3.3 billion, multiyear contract to build Apache attack helicopters for Saudi Arabia.

The contract features work on "Apache attack helicopter multi-year lots 7-11, AH-64E full-rate production of remanufactured aircraft and new build aircraft, remanufacture and new build Longbow crew trainers, peculiar ground support equipment, initial spares, integrated logistics support, and engineering technical services," according to a March 15 Defense Department statement.

The Army obligated $3.28 billion in funds from fiscal years 2017, 2018, 2019, 2020, and 2021 foreign military sales accounts to pay for the purchase, according to DOD.