RIDLEY PARK, PA - Boeing (NYSE:BA) has secured a substantial contract modification worth $271.2 million, aimed at modernizing the MH-47G Chinook (NASDAQ:KDNY) heavy assault aircraft and acquiring new units for the U.S. Special Operations Command (SOCOM). The work under this contract is expected to continue through May 2027 at Boeing's facility in Ridley Park, Pennsylvania.
The contract signifies a significant step forward in updating the U.S. Army Special Operations Aviation Command's (USASOC) fleet of heavy-lift transport helicopters, which have been integral to military and civilian operations since their introduction in September 2014. The focus of this modernization effort is to replace older fleets and parts that have been in use for over four decades.
This announcement comes on the heels of an earlier Department of Defense statement regarding an $18.7 million task order awarded to Boeing. This order is designated for long-lead components that are essential to the helicopter's renewal process and is funded by the Army’s procurement budgets for fiscal years 2023 and 2024.
The Chinook helicopter has been a workhorse for military operations across multiple generations, and this modernization effort underscores the ongoing commitment to maintaining its reliability and performance. With the target completion date set for May 2027, Boeing is poised to enhance the capabilities of these twin-engine helicopters at their Pennsylvania production hub.
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