By Ed Frankl

Airbus SE said Monday that it has extended a logistics-support contract with the U.S. army for up to five years with a potential value of more than $1.5 billion.

The European plane maker said it would provide spare parts, material and engineering support for the army's Lakota fleet of 482 utility and training helicopters at 67 sites.

The agreement, managed by Airbus's Arlington, Va.-based U.S. Space & Defense subsidiary, has an initial term of six months and can be extended for another 4.5 years, the company said.

The contract is the largest helicopter performance-based support contract managed by Airbus world-wide, it said.

Write to Ed Frankl at edward.frankl@dowjones.com

(END) Dow Jones Newswires

May 23, 2022 09:12 ET (13:12 GMT)

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