US Navy’s $4.2 Billion V-22 Osprey Contract “Provides Program Stability” Through 2024 Written 3 July 2018

FlightGlobal reports on the announcement that a Bell-Boeing joint venture has been awarded a $4.2 billion US Navy contract to produce 78 V-22 Osprey helicopters, the “third multiyear purchase of the VTOL aircraft.” The contract pays for 39 CMV-22B aircraft for the Navy, “34 MV-22B aircraft for the Marine Corps; 1 CV-22B for the Air Force; and 4 MV-22B aircraft for the Japan Self-Defense Forces.” According to Bell V-22 Program Vice President Chris Gehler, the “multiyear production contract provides program production stability through at least 2024.” The Navy will use its CVM-22B aircraft to transport “personnel and cargo from shore to aircraft carriers, eventually replacing the Grumman C-2A Greyhound.” 
More Info (FlightGlobal)