Boeing, AgustaWestland reach $1.2bn helicopter deal
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Boeing, AgustaWestland reach $1.2bn helicopter deal
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Associated Press Newswires, 13 May 2009
Boeing Co. and AgustaWestland will supply the Italian Army with 16 Chinook helicopters under a contract worth about $1.23bn. Under the contract, Chicago-based Boeing will be the prime subcontractor to AgustaWestland for the ICH-47H Chinook helicopters. Boeing will build fuselages for the aircraft at its facility in Ridley Park, Pa., while AgustaWestland will handle design and systems integration, final assembly and delivery to the Italian Army. AgustaWestland expects to start deliveries in 2013. Shares of Boeing fell $1.15 to $42.95 as the general market retreated Wednesday.
Associated Press Newswires, 13 May 2009
Boeing Co. and AgustaWestland will supply the Italian Army with 16 Chinook helicopters under a contract worth about $1.23bn. Under the contract, Chicago-based Boeing will be the prime subcontractor to AgustaWestland for the ICH-47H Chinook helicopters. Boeing will build fuselages for the aircraft at its facility in Ridley Park, Pa., while AgustaWestland will handle design and systems integration, final assembly and delivery to the Italian Army. AgustaWestland expects to start deliveries in 2013. Shares of Boeing fell $1.15 to $42.95 as the general market retreated Wednesday.
