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Apache stock spiked more than 25% on the news in Tuesday's trading. Apache is a 50% operator of the well drill operation, with Total S.A. (NYSE: TOT) holding the other 50%.
The Army said it expected the Spike NLOS LRPM DR system to be fully integrated onto all 18 Apache Echo Model V6 platforms by September 2024. Shephard reported in January that the firing of two ...
Spike will thus join an already deadly arsenal deployed on the flying killing machine, which also comprises Hellfire missiles, 2.75-inch rockets, and 30 mm chain gun rounds.
A recent example of this is testing in support of an airworthiness release that will allow the Spike non-line of site missile to be integrated into the AH-64 Apache attack helicopter.
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