NAVAIR Issues V-22 Osprey Contracts Worth $1.17B
Published: Fri Dec 30th, 2005Source: www.defenseindustrydaily.com
The USA's Naval Air Systems Command in Patuxent River, MD has issued a series of contracts over the last week or so related to the twin-engine V-22 Osprey tilt-rotor transport aircraft. The V-22 Osprey remains controversial given its $100 million per plane cost performance questions over the course of the program. Cuts may also be forthcoming in 2007.These contracts cover both the US Marines' planned MV-22 machines which are approved for full-rate production, and Special Operations Command's CV-22 which is still being modified and has yet to enter Operational Evaluation (OpEval). The total value of these six contracts, options, and delivery orders is approximately $1.17 billion.
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