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DLA Exercises $149M Option in Bell Boeing V-22 Osprey Support Contract

The Defense Logistics Agency has exercised an option period worth $149 million under its contract with the joint venture of Boeing (NYSE: BA) and Textron‘s (NYSE: TXT) Bell subsidiary for V-22 Osprey engineering and logistics services.

Bell Boeing Joint Project Office will support the joint service tiltrotor aircraft platform for the U.S. Air Force, Navy and the Marine Corps, the Department of Defense said Monday.

Japan will also receive the services as part of a foreign military sales transaction.

DOD said the award represents the third option year of the firm-fixed-price requirements contract that has a one-year base period and four one-year options.

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