Boeing gets $4B helicopter pact from Army

Boeing receives $4 billion contract from Army for CH-47F Chinook helicopters

Associated Press

RIDLEY TOWNSHIP, Pa. (AP) -- Boeing has received a $4 billion, multi-year contract from the Army for 177 CH-47F Chinook helicopters.

The Army has options to buy up to an additional 38 helicopters.

Deliveries are expected to start in 2015.

The order will bring the Army's CH-47F inventory close to its goal of 464 aircraft, including 24 for replacements. The Army's current inventory stands at 241 F-model aircraft.

Shares of Boeing Co. fell 73 cents to $101.51 in Tuesday premarket trading.

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