The U.S. Department of Defense said it awarded Boeing (NYSE: BA) and Bell, a unit of Textron (NYSE: TXT), a $482.3 million contract modification to deliver four CMV-22B tiltrotor aircraft for the Navy. The modification adds to a previous contract for CMV-22Bs.
Work on the additional four aircraft will take place in Fort Worth, Amarillo, Red Oak and McKinney, Texas; East Aurora and Endicott, New York; Ridley Park, Pennsylvania, and Park City, Utah, as well as locations outside the U.S. The DOD said it expects the work to be finished in June 2026.
According to the agreement, the Naval Air Systems Command in Patuxent River, Maryland, was the contracting entity and will obligate $213.8 million in procurement funds for fiscal 2023 for the award.
