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Posted June 13. 2013 2:27PM

Navy approves $4.89B toward purchase of 99 MV-22 Osprey tilt-rotar aircraft

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Bell-Boeing Joint Project Office, Amarillo, Texas, is being awarded a $4,894,124,381 modification to definitize the previously awarded V-22 Lot 17 undefinitized contract action/Lot 18 advance acquisition contract to a fixed-price-incentive-fee, multiyear contract (N00019-12-C-2001). In addition, this modification provides for the manufacture and delivery of 92 MV-22 tiltrotor aircraft for the Marine Corps and 7 CV-22 tiltrotor aircraft for the Air Force.