Army executes five-year contract for AH-64E that locks in fewer aircraft than planned

By Jason Sherman / March 21, 2017 at 3:44 PM
The Army last week backed off its original plan to commit to buying 275 AH-64E Apache attack helicopters from Boeing in a five-year contract, instead executing a deal to buy 244 aircraft -- a more than 10 percent drop -- and offset these reductions by folding foreign purchases by Saudi Arabia into the deal to increase the multiyear package to 268 rotorcraft. The contract includes obligations to buy 31 fewer aircraft than the Army planned between fiscal years 2017 and...

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