Bell-Boeing Wins $1.3 Billion V-22 Ospreys Contract
The US Navy has awarded a $1.3 billion worth contract to Bell-Boeing for the procurement of 22 V-22 Ospreys, which authorizes purchase of 100 V-22s over the next five years.
The V-22 multi-year procurement contract(MYPII) will supply 93 MV-22s for the US Marine Corps and seven CV-22s to the US Air Force.
There are currently 233 V-22 Ospreys in operation worldwide. V-22s have amassed more than 200,000 flight hours, with more than half of those logged in the past three years.
Navair awarded the MYPII contract in June 2013. The total contract value is approximately $6.5 billion and is expected to save approximately $1 billion compared to an annualized procurement.
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