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Bell-Boeing JPO Receives $165M Modification on Navy MV-22B Aircraft Production Contract

Jeff Brody
Navy photo

A joint project office of Boeing (NYSE: BA) and Textron‘s (NYSE: TXT) Bell subsidiary has received a $165.3M contract modification to manufacture and deliver two MV-22B tiltrotors to the U.S. Marine Corps.

Bell-Boeing JPO will also provide additional repair services for the service branch’s Osprey aircraft as part of the Common Configuration-Readiness and Modernization Program, the Department of Defense said Friday.

Naval Air Systems Command is the contracting activity and will use fiscal 2020 Navy aircraft procurement funds to cover the full obligated amount.

Thirty percent of contract work will take place in Fort Worth, Texas, and the remaining 70 percent will occur in various locations within and outside the continental U.S.

The Pentagon expects Bell-Boeing to complete services by September 2023.

NAVAIR describes MV-22B as a vertical and/or short takeoff and landing platform designed to transport USMC equipment, supplies and personnel from land bases or ships for assault support missions.

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