Bell Boeing Secures $412M in Navy Contract Modifications to Repair Osprey Aircraft Parts

A joint venture of Boeing (NYSE: BA) and Bell Helicopter has received two contract modifications worth potentially $411.9 million combined to repair various parts of the U.S. Navy‘s V-22 Osprey tiltrotor aircraft.

The Bell Boeing Joint Program Office secured a $246.2 million delivery order modification that contains a one-year base and a one-year option period which, if exercised, will increase the potential ceiling of the previously awarded contract to $545.2 million, the Defense Department said Thursday.

The second modification is valued at $165.7 million and contains a two-year base period.

Bell Boeing JPO will perform work in Fort Worth, Texas and in Ridley Park, Pennsylvania through December 2019.

The Naval Supply Systems Command Weapons Systems Support will obligate a total of $267.5 million from the service branch’s fiscal 2017 working capital funds at the time of award of the modifications.

Check Also

KBR

KBR Wins Potential $93M Navy Combat Integration System Support IDIQ

KBR’s (NYSE: KBR) government services business has won a potential five-year, $92.6M contract to engineer and produce datalink systems and associated platforms for the U.S. Navy’s combat operations.

DLA

DLA Awards Logistics Modernization Integration Support IDIQs to Advantaged Solutions, United Defense International

Advantaged Solutions and United Defense International have each received a potential five-year, $265M contract from the Defense Logistics Agency for logistics modernization integration support.