LONDON (Reuters) - The British government said on Tuesday it had awarded Boeing (N:BA) a five-year contract worth 420 million pounds to provide in-service support to its fleet of Chinook military helicopters.
"The Chinook support contract represents significant value for money for what is a very capable and versatile support helicopter, protecting UK interests at home and abroad," British Prime Minister David Cameron said in a statement.
"This will sustain 450 jobs and save the taxpayer over 150 million pounds," he said, adding that BAE Systems (L:BAES) and Magma Structures had been chosen as the preferred bidders to occupy the Portsmouth ship hall facilities in southern England.