The U.S. Navy said on Monday it was awarding a $849 million contract to Boeing Co. and the Bell Helicopter unit of Textron Inc. for materials needed to make 11 V-22 tilt-rotor aircraft.
The Navy described the contract as an advanced acquisition contract for long-lead materials needed to make eight Lot 9 MV-22 and three CV-22 low rate initial production versions of the Osprey that can take off and land like a helicopter but also fly like a plane.
The work is expected to be completed in October 2007.
I think the Osprey is still a good idea, but this is a project that should not be going into production yet. They don't have the things working well enough yet, they are unreliable and dangerous.
Jay