The U.S. Navy plans to sign this week a five-year contract valued just under $6.5 billion to buy 99 new V-22 Osprey tilt-rotor aircraft built by Boeing Co and Bell Helicopter, the program's manager said in an interview on Monday.
Marine Corps Colonel said the multiyear contract, the second one signed for the program, covers the period from fiscal year 2013 through 2017 and includes options for 22 additional aircraft. He said the government's decision to sign the five-year agreement underscored its confidence in a program that had once been threatened with cancellation.
reuters
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