May 1 (UPI) — Republic of Korea is set to receive 36 AH-64E Apache helicopters in a new agreement between the U.S. Army and Boeing.
The deal, announced Monday by the Department of Defense, is valued at more than $96.3 million under the terms of a hybrid cost, cost-plus-fixed-fee and firm-fixed-price foreign military sale contract for the attack helicopters, the Pentagon said in a press release.
Work on the contract will occur in Mesa, Ariz., and is expected to be complete in April 2023.
More than $9.4 million will be obligated to Boeing at time of award.
The funds will be allocated from fiscal 2010 foreign military sales funds, according to the U.S. Army Contracting Command.
COMMENTS
Please let us know if you're having issues with commenting.