U.S. Navy to sign deal with Bell, Boeing for 99 more V-22 tilt-rotor aircraft
WASHINGTON (Reuters) - The U.S. Navy plans to sign this week a five-year contract valued just under $6.5 billion to buy 99 new V-22 Osprey tilt-rotor aircraft built by Boeing Co (BA.N) and Bell Helicopter, a unit of Textron Inc (TXT.N), saving $1 billion over that period, the program's manager said in an interview on Monday.
Marine Corps Colonel Gregory Masiello said the multiyear contract, the second one signed for the program, covers the period from fiscal year 2013 through 2017 and includes options for 22 additional aircraft. He said the government's decision to sign the agreement underscored its confidence in a program that had once been threatened with cancellation.
- Police hunt for motive as search for Malaysian jet spans hemispheres |
- Crimeans vote over 90 percent to quit Ukraine for Russia |
- Ukraine, Russia agree Crimea truce until March 21-Ukraine minister
- Malaysian PM says lost airliner was diverted deliberately |
- 'Good night': Haunting final contact from missing Malaysian jet |