Boeing-Bell JV Lands $379M DLA Contract to Maintain V-22 Joint Service Combat Aircraft

Jeff Brody

The joint venture of Boeing (NYSE: BA) and Textron's (NYSE: TXT) Bell subsidiary has secured a potential five-year, $379.4M contract to perform maintenance work on the V-22 Osprey multirole combat aircraft for the U.S. Air Force, Navy and Marine Corps.

Bell Boeing Joint Project Office will also provide consumable material support and repair services under the sole-source firm-fixed-price requirements contract from the Defense Logistics Agency, the Department of Defense said Tuesday.

Contract obligations will come from the defense working capital budget for fiscal 2020 through fiscal 2025.

V-22 tiltrotors are built to combine a helicopter's vertical performance and a fixed-wing platform's range and speed.

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