Bell Boeing awarded contract for 99 V-22 Osprey Tiltrotor aircraft

The Bell Boeing V-22 Program, a strategic alliance between Bell Helicopter Textron and Boeing, has been awarded a five-year U.S. Naval Air Systems Command (NAVAIR) contract for the production and delivery of 99 V-22 Osprey tiltrotor aircraft, including 92 MV-22 models for the U.S. Marine Corps and seven CV-22 models for the U.S. Air Force Special Operations Command. Valued at approximately $6.5bn, the contract is structured to provide nearly $1bn in savings to the U.S. government compared with procurements through single-year contracts. The contract also includes a provision permitting NAVAIR to order up to 23 additional aircraft.