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Navy, Bell-Boeing extend crisis over potential breach of $6.5B V-22 multiyear contract 

January 06, 2017 |
Jason Sherman
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The Navy and V-22 Osprey maker Bell-Boeing have temporarily averted a crisis caused by government plans to procure fewer aircraft than contractually required that threatens to torpedo a multiyear procurement deal -- a package that bundled $6.5 billion worth of aircraft and promised savings of $850 million compared to annual purchases. The V-22 Osprey Joint Services Advanced Vertical Lift Aircraft office (PMA-275) and Bell-Boeing -- facing a Dec. 31, 2016 deadline -- agreed to a three-month extension for figuring how...

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