(NSI News Source Info) TORONTO, Canada / PATUXENT RIVER, Md., Aug. 4, 2011: The Bell Boeing V-22 Program, a strategic alliance between The Boeing Company [NYSE: BA] and Bell Helicopter – Textron [NYSE: TXT], announced today that it has submitted its proposal to the U.S. Navy for a second multiyear procurement (MYP II) contract for the production and delivery of V-22 Osprey tiltrotor aircraft.
The five-year, fixed-price incentive proposal would provide the U.S. Marine Corps and U.S. Air Force Special Operations Command (AFSOC) with the full complement of Ospreys outlined in the Department of Defense program of record and yield double-digit percentage savings over a single-year procurement strategy. In addition, the proposal will fortify Osprey production through 2019.
http://defense-technologynews.blogspot.com/2011/08/dtn-news-u-s-defense-news-bell-boeing.html
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