Boeing-Bell JV to Produce Osprey Variants for Navy, Marines Under $367M Contract Modification

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.

Bell Boeing Joint Project Office will manufacture two MV-22B tiltrotors for the Marines and another three CMV-22B units for the Navy, the Department of Defense said Friday.

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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