Blitz Bureau
NEW DELHI: Boeing has been awarded two contracts worth more than $7 billion to bolster the U.S. military, the Pentagon announced on November 25.
The aerospace giant received an almost $4.7 billion Army contract for new Apache AH-64E attack helicopters, Longbow crew trainers, and related equipment. The Pentagon also revealed that an additional $2.4 billion in Air Force contracts was awarded for Lot 12 Production Aircraft, G081 subscriptions, and licenses. This Air Force deal includes 15 more KC-46 Pegasus tankers, according to a report in The Epoch Times.
The new contracts come after NASA announced on November 24 that it was reducing its investment in Boeing’s beleaguered Starliner spacecraft and lowering the number of astronaut missions, opting to make the next trip to the International Space Station (ISS) a crewless one.
NASA’s turn towards SpaceX has not been the only headwind the company has faced; Boeing has also been hit by a strike over the past several months. Certain analysts argue that Boeing needs increased government support to stay afloat amid competition from China. The company’s debt has skyrocketed to $57 billion since 2018.
