Bell-Boeing grants DOD another extension to find money for two must-fund V-22s

By Jason Sherman / March 24, 2017 at 2:11 PM
The Bell-Boeing Joint Program Office, prime contractor for the V-22 Osprey, has again granted the Navy more time to figure out how to come up with funds to buy aircraft the government is contractually obligated to purchase in fiscal year 2017 -- or risk abrogating a $6.5 billion multiyear deal that originally promised $850 million worth of savings. On March 22, the Naval Air Systems Command and Bell-Boeing modified the contract for the five-year block buy of the V-22 Osprey...

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