Author: Mary-Louise Hoffman|| Date Published: March 19, 2021
A joint venture between Boeing (NYSE: BA) and Textron’s (NYSE: TXT) Bell subsidiary has been awarded a four-year, $182.2 million contract modification to repair MV-22B Osprey tiltrotor aircraft as part of the U.S. Navy’s common configuration readiness and modernization efforts.
Bell-Boeing Joint Project Office will also manufacture two units of the military tiltrotor platform’s special operations variant, CV-22B, for the U.S. Air Force, the Department of Defense said Thursday.
The Navy will pay $13.5 million for aircraft post-production services while USAF will obligate $168.7 million for its orders under the contract modification.
Naval Air Systems Command is the contracting activity and expects the industry team to complete work in March 2025.
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