Boeing invests $130m to meet global demand

Boeing has announced the renovation of its Chinook helicopter production line in Pennsylvania is nearing completion.

The $130 million renovation will help meet global demand for the latest model, the CH-47F and coincides with the 50th anniversary of the company delivering the first H-47 Chinook military helicopter.

The production line updates will enable Boeing to continue to affordably increase Chinook production rates.

"Chinook is Boeing’s longest continuously running production program, and it’s in greater demand today than ever before," Leanne Caret, vice president, Vertical Lift and H-47 Programs said.

"Chinooks are being delivered on schedule and operating at a higher rate than any time in history," Caret added.

Boeing is scheduled to deliver nearly 60 Chinooks this year and has submitted a multiyear, firm fixed-price proposal to the US Department of Defense to provide 155 CH-47Fs to the US Army with deliveries beginning in 2015.