Boeing Confirms Air Force Deal

The pact is worth up to $10 billion.
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Boeing (BA) - Get Report confirmed that it won a deal to supply combat search and rescue helicopters to the Air Force.

The Air Force will buy Boeing's HH-47 helicopter, which should be operational in 2012. The program is valued at up to $10 billion, Boeing said.

Boeing will build 141 production aircraft and four test aircraft at its Rotorcraft Systems manufacturing facility in Ridley Park, Pa., also home to the MH-47G Special Operations and CH-47F Chinook programs.

"The

award is a vote of confidence by the Air Force in the ability of Boeing to provide them the rotorcraft they need for this very important mission," said Jim Albaugh, president and chief executive officer of Boeing Integrated Defense Systems.