U.S. OKs potential sale of Chinook helicopters to Egypt, Pentagon says By Financial Eye


© Financial Eye. FILE PHOTO: The Pentagon building is seen in Arlington, Virginia, U.S. October 9, 2020. REUTERS/Carlos Barria/File Photo


WASHINGTON (Financial Eye) – The U.S. State Department has approved the potential sale of CH-47F Chinook helicopters and related equipment to Egypt for an estimated cost of $2.6 billion, the Pentagon said on Thursday.

Egypt had requested to buy 23 CH-47F Chinook helicopters, the Pentagon said, adding that the principal contractor will be Boeing (NYSE:) Helicopter Co.

Source: Investopedia