Hello, Guest!
  • Tuesday, April 30, 2024

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.

Video of the Day

Related Articles

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week Financial Reports

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week

Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) yielded a gain.

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024 Financial Reports

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024

Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment Contract Awards

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment

Boeing (NYSE: BA) has booked a $111.9 million undefinitized firm-fixed-price order from the U.S. Navy to manufacture and deliver avionics long lead time parts and spares in support of the F/A-18E/F Block III and E/A-18G aircraft. The Department of Defense said Thursday the award, which was made against a previously issued basic ordering agreement, supports