BREAKING WORLDWIDE

The US military is reportedly in talks with Boeing Defense, Space & Security over the terms of a $3.3 billion contract to purchase 275 AH-64E Apache helicopters. This comes a month after US Secretary of Defense Ashton Carter approved the Army’s proposed multiyear procurement plan. Col. Jeffrey Hager, the Apache program manager, told Inside Defense that a signed agreement can be expected by early 2017. The Senate and House versions of the fiscal 2017 National Defense Authorization Act have both been approved, but concerns over the cost efficiency of production and procurement programs has kept any bill from being passed. Loading... The director of defense pricing for the Pentagon's acquisition directorate, Shay Assad, approved the Apache proposal. Assad told Politico in April that his years spent as an executive at Raytheon showed him how companies often overpay for multi-year defense contracts. As a result, Assad claims th...