Boeing Expects to Win Contract for More C-17s
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Chicago-based Boeing Co. said it expects to win a $9.7-billion contract for 60 more C-17 transport planes within 30 days, and the planes would be delivered between 2004 and 2008.
“We should be awarded the contract within 30 days,” said Howard Chambers, vice president and general manager of Boeing Aircraft & Missile Systems in Southern California.
The Defense Department already has agreed to buy 120 C-17s, and the follow-on contract for 60 more C-17s, which Boeing said it discounted 25%, has been expected for some time.
Boeing is eyeing a possible additional order after Air Force Gen. John Handy, commander of the U.S. Transportation Command, last month said the military needed 42 more planes to meet its combat and humanitarian mission needs.
Boeing officials have said the contract for 60 more planes will keep Boeing’s production line in Long Beach operating through 2008.
Boeing shares fell $1.28 to $46.39 on the NYSE.
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