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Textron Inc And Boeing Co's Bell Boeing Secures Contract For 99 V-22 Osprey Tiltrotor Aircraft


Thursday, 13 Jun 2013 09:00am EDT 

The Bell Boeing V-22 Program, a strategic alliance between Bell Helicopter Textron Inc and Boeing Co has been awarded a five-year U.S. Naval Air Systems Command (NAVAIR) contract for the production and delivery of 99 V-22 Osprey tiltrotor aircraft, including 92 MV-22 models for the U.S. Marine Corps and seven CV-22 models for the U.S. Air Force Special Operations Command. Valued at approximately $6.5 billion, the contract is structured to provide nearly $1 billion in savings to the U.S. government compared with procurements through single-year contracts. The contract also includes a provision permitting NAVAIR to order up to 23 additional aircraft. 

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