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Boeing (BA) Clinches $376M Deal to Replace UH-1N With MH-139
Zacks Equity Research September 26, 2018
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The Boeing Company (BA - Free Report) recently won a $375.6-million contract for the replacement of UH-1N helicopters, also widely known as the Huey choppers, with four MH-139 helicopters. The contract was awarded by the Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, Ohio.
Details of the Deal
The latest deal is a sub-contract of a $2.38-billion contract, under which Boeing will provide up to 84 MH-139 helicopters, training devices and associated support equipment. Work related to the recent contract will be executed in Ridley Park and Philadelphia, PA.
The entire task is expected to get completed by September 2031, provided all options are exercised. Boeing will utilize fiscal 2018 research, development, test, and evaluation funds for the task..
A Brief Note on MH-139 Helicopters
Boeing's MH-139 provides a capable, affordable, and ready to serve platform for the U.S. Air Force’s UH-1N Replacement Program. Based on the U.S. Air Force requirements, this military helicopter is proven to excel in the most grueling environments across the globe. The new MH-139 will be able to carry nine fully loaded troops, and should be able to hit 135 knot cruise speed and fly a minimum distance of 225 nautical miles, without being refueled for at least three hours.
Why MH-139 Helicopters Over UH-1N Huey Choppers?
The civilian version of the MH-139 Helicopters is already being used by 250 governments all over the world. It possesses an expected life cycle of 30 years and will be instrumental to the U.S. Air Force in saving about a billion dollars in terms of buying and operating. Furthermore, the MH-139 is expected to be more effective in patrolling and protecting land-based nuclear weapons compared to the aging UH-1N choppers.
The existing UH-1N choppers, on the other hand, have become increasingly difficult to maintain and is no more the preferred choice in situations of responding to a nuclear emergency.