Return to Dominance
After 30+ years, the AH-64 remains the most important attack helicopter in the world, by a very wide margin. In terms of capabilities, it is unmatched. Longbow Apache, a major improvement over the A model in terms of combat effectiveness, will keep the Apache in this position well past our forecast period.
That doesn't mean the Apache is without its challengers. At home and abroad, there are lighter, newer models vying to carve out a market niche. For the most part, the Apache folks shouldn't be concerned about these rivals. And the broader market remains surprisingly solid.
The Export Market: Still Relevant
After a lengthy order drought things look good again for the Apache on the world market. Over the past few years South Korea, Indonesia, Taiwan and Saudi Arabia have added 60 Es to the order book, although details of the Saudi order remain unclear. The UAE is expected to sign for 30, and even though this deal has been delayed over the past three years, there's a good chance it will eventually happen (it's factored into our Undetermined line).