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Wednesday, June 12, 2013

Navy to Buy 99 Ospreys in $6.5 Billion Order

V-22_OspreyThe Navy has reached a $6.5 billion deal with a joint venture of Textron Inc.‘s Bell Helicopter unit and Boeing Co. for 99 V-22 Ospreys that likely cements the long-term future of the tilt-rotor aircraft as part of the military’s air inventory.

The five-year contract through 2017, with an option for 22 more Ospreys, was expected to be announced Wednesday, according to James O’Donnell, a spokesman for the V-22 Joint Program Office at Naval Air Systems Command, which negotiates contracts with the manufacturers.

O’Donnell said the order will include 92 MV-22 Ospreys for the Marine Corps and seven CV-22 versions for the Air Force, with advanced radars and extra fuel tanks for Special Forces operations. The five-year bulk order was expected to save $1 billion over buying the Ospreys individually, O’Donnell said.

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