Boeing Scores a Double Today

In what could be an even bigger deal for the company, Boeing has been named the preferred vendor to supply 37 heavy-lift attack helicopters to India’s air force. A Wall Street Journal report said the company will supply 22 Apache combat helicopters and 15 Chinook transports. At what India calls its “acceptance of necessity cost,” the deal is worth about $19.5 billion, although the final cost of the aircraft remains to be negotiated.

Boeing’s shares are trading down 0.3% before the market opens this morning, at $74.40 in a 52-week range of $66.82 to $77.83.

Paul Ausick