NEW YORK (AP) -- The Canadian government will pay Boeing Co. $1.15 billion for 15 new twin-rotor, heavy-lift helicopters, the U.S. aerospace company said Monday.
The twin-engine CH-47F helicopters, which will be made in Ridley Township, Pa., will be delivered between 2013 and 2014.
Each helicopter will have Honeywell engines and be able to transport more than 21,000 pounds.
Chicago-based Boeing said it will match every dollar spent by the Canadian government in acquiring its CH-147 fleet by partnering with and issuing contracts to companies in Canada. Contracts worth more than $500 million already have been signed with Canadian companies.
In premarket trading, Boeing shares fell 19 cents to $46.50.