Boeing submits multiyear contract proposal to US Army for CH-47 Chinook Production

RIDLEY TOWNSHIP, Penn., Nov. 5, 2011. The Boeing Company [NYSE: BA] has submitted a proposal to the U.S. Army for a multiyear contract for the production and delivery of 155 CH-47F helicopters.

The H-47 program is halfway through its first multiyear contract, awarded in August 2008, for 191 CH-47F Chinook aircraft and originally valued at $4.3 billion. 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 for the CH-47F helicopter.

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 over 85 percent conducting air assault, transport, medical evacuations and support operations.