Army Rethink Of Aviation Priorities Is A Big Boost For Boeing (From Forbes)

On February 8, the Army disclosed that it will end development of a manned recon helicopter and place greater emphasis on unmanned systems. Funding intended for the canceled program is being reallocated in a fashion designed to support other missions and bolster the rotorcraft industrial base. Boeing is a big beneficiary of this realignment, because its Block II upgrades of the Chinook helicopter can now proceed to full-rate production, and its Apache attack helicopter will continue to execute what is left of the manned recon role. I have written a commentary for Forbes here.