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.

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Ukraine offers to provide NATO with cargo aircraft
Kiev (AFP) April 27, 2018
Ukraine's state-run Antonov Airlines said Friday it is willing to provide more cargo planes to NATO after a Russian company said it would halt its contract with the transatlantic alliance at the end of the year. Earlier this month, Russian aircraft provider Volga-Dnepr - a world leader in transporting oversize and heavy air cargo - said it would not extend its contract for the provision of its Soviet-designed Antonov 124s to NATO armies. The halt of the contract, which Volga-Dnepr had renewed ... read more