Boeing’s Ridley Park Plant Receives $265M Contract From Pentagon For 9 Chinook Helicopters (From The Philadelphia Inquirer)

(August 4, 2020)

Lexington COO Loren Thompson was quoted in the Philadelphia Inquirer’s August 4 article on the new $265 million contract between the Pentagon and Boeing, which could mean an increase in future sales for the Ridley Park plant. Boeing announced that the funding would be used to build nine more of its MH-47G Block II Chinook helicopters for the U.S. Army Special Operations Aviation Command.

Thompson predicted that the increase in production numbers with this new contract could mean that the company is preparing to ramp up manufacturing for these new models. He noted that although the nine helicopters on this contract are for Army Special Operations, “the really big prize is to build a similar version of that helicopter for the Army because the Army would need hundreds of them.” Entering this contract “improves Boeing’s chances of making a much bigger sale to the U.S. Army.”

Read the full article here.