Instant Alert: Looks like Boeing won a $2.9 billion contract to provide Apache helicopters to the UK

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   Looks like Boeing won a $2.9 billion contract to provide Apache helicopters to the UK by Abinaya Vijayaraghavan on May 30, 2016, 2:35 PM Advertisement Boeing Co is set to win a 2-billion-pound ($2.92 billion) contract from the UK Ministry of Defence (MoD) for new Apache helicopters, The Telegraph reported. The MoD has decided to give Boeing a 50-aircraft contract, including servicing, and the announcement could come as early as July, the newspaper said.  Italian aerospace manufacturer Leonardo Finmeccanica SpA had been a contender for the contract, the Telegraph said. U.S. planemaker Boeing is offering the helicopters at a lower price by tacking them on to the end of a larger Apache order from the US military, the paper added. The British government has committed to NATO's defense spending pledge of 2 percent of GDP for the next five years, but the MoD will be under pressure to opt for the most cost effective option as it juggles spending on a number of big projects. Boeing and the MoD could not be immediately reached for comment. SEE ALSO: Japan is bracing itself for a possible North Korean missile launch   Share the latest business news with your network: Email sent to:   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, New York, NY 10011