Boeing (NYSE:BA) Gets Helicopter Deal

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Boeing (NYSE:BA) has won a U.S. Army contract to upgrade Chinook helicopters. Boeing (NYSE:BA) Gets Helicopter Deal Boeing (NYSE:BA), the American multinational aerospace and defense corporation, has been awarded a $23.7 million contract for modifications to US Army Chinook helicopters. According to the contract, Boeing (NYSE:BA)'s current period of modification works has been extended for another year, from May 2011 through April 2012. Boeing (NYSE:BA) will perform Initial Production Fielding Support modifications on 49 CH-47F Chinook helicopters at the Boeing (NYSE:BA) Millville Modification Center in New Jersey. The newly-awarded contract also included training support for Army Chinook units on the upgrades. In addition, Boeing (NYSE:BA) will deploy two New Equipment Training teams consisting of CH-47F mechanics and technicians to support Army units in the U.S. and overseas. Raymond Haddad, Boeing (NYSE:BA) director of Chinook Rotorcraft Support, said that, "Our successful support to the war fighter is leading to follow-on work and maintaining our workforce in Millville. We are using expertise from across the company to establish an innovative service that addresses customer requirements and affordability". Boeing Co. (NYSE:BA) stocks are currently standing at 79.41. Price History Last Price: 79.41 52 Week Low / High: 59.48 / 80.65 50 Day Moving Average: 73.91 6 Month Price Change %: 17.9% 12 Month Price Change %: 10.7%