Author: Matthew Nelson|| Date Published: January 2, 2019
A joint venture between Boeing (NYSE: BA) and Textron‘s (NYSE: TXT) Bell Helicopter subsidiary has secured a $366.6M contract modification to provide V-22 Osprey aircraft variants to the U.S. Navy and U.S. Marine Corps.
Work under the modification will occur at various locations through October 2023.
The award comes six months after Bell Boeing JPO received a potential $4.2B modification to produce and deliver a total of 58 new Osprey aircraft to the U.S. military and Japan.
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The Department of War is accelerating its push into unmanned systems, moving beyond experimentation toward large-scale production, streamlined acquisition and…