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The Bell Boeing Program Office announced today the US Department
of Defense has awarded a $10.4 billion, five year Multi-Year
Procurement (MYP) contract to deliver 167 V-22 Osprey tiltrotor
aircraft. Bell Boeing is a strategic alliance between Bell Helicopter,
a Textron Inc. (NYSE: TXT) company and The Boeing Company (NYSE:BA).
The five-year contract includes 26 CV-22 aircraft for the Air
Force Special Operations Command (AFSOC) and 141 MV-22 aircraft for
the US Marine Corps. The contract includes an option for additional
aircraft. The Bell Boeing Program Office recently celebrated the
production of the 100th V-22.
"The Multi-Year Procurement sets a strong positive course for the
V-22 Osprey program," said Gene Cunningham, vice president of the Bell
Boeing Program Office in Amarillo. "The Government and industry teams
have worked very hard to reach this agreement. The MYP contract allows
the industry team to stabilize our production plans, creates savings
for the taxpayer, and increases the number of aircraft being produced
for the war-fighter."
The fuselage for the V-22 is built by Boeing Rotorcraft Systems in
Philadelphia. Bell builds components for the aircraft in Fort Worth,
Texas, and completes final assembly at its Military Aircraft Assembly
Center in Amarillo.
The V-22 is a tiltrotor aircraft with proprotors and engines
installed in nacelles at the tips of both wings. With the nacelles in
the vertical position, the V-22 can take-off, hover and land like a
helicopter. With the engine nacelles in the horizontal or forward
position, the V-22 can fly at more than 300 mph with the long range of
a fixed-wing turboprop airplane. Currently 12 Marine Corps MV-22
aircraft are conducting combat operations from Al Asad Air Base, Iraq.
About Bell Helicopter
Bell Helicopter is a unit of Textron Inc., a $13.2 billion
multi-industry company operating in 34 countries with approximately
44,000 employees. The company leverages its global network of
aircraft, industrial and finance businesses to provide customers with
innovative solutions and services. Textron is known around the world
for its powerful brands such as Bell Helicopter, Cessna Aircraft
Company, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, Fluid & Power,
Textron Systems and Textron Financial Corporation. More information is
available at www.textron.com.
About Boeing
A unit of The Boeing Company, Boeing Integrated Defense Systems is
one of the world's largest space and defense businesses. Headquartered
in St. Louis, Boeing Integrated Defense Systems is a $32.1 billion
business with 71,000 employees worldwide. More information is
available at www.boeing.com.
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