Boeing and Textron Win $351 Million Contract to Support V-22 Osprey Aircraft

The Department of Defense awarded 30 separate defense contracts Friday, worth a total of $1.99 billion. Boeing (NYSE: BA  ) won two of them -- one small and all Boeing's own, the other one much larger, but split with a partner.

The smaller award, worth $22.4 million to Boeing, took the form of a cost-plus-fixed-fee delivery order to supply the U.S. Navy with unspecified "supplies and services" needed to support follow-on test and evaluation of Navy F/-18E/F fighter-bombers and EA-18G electronic warfare aircraft. These deliveries are due to be completed in January 2015.

Boeing's larger award, worth $351 million, was the second biggest defense contract awarded Friday -- but will be split with Textron (NYSE: TXT  ) , Boeing's partner in the "Bell-Boeing Joint Project Office" joint venture that actually won the award. This contract modification instructs the joint venture to perform support work for the U.S. Navy under a contract for V-22 Joint Performance Based Logistics Support. The contract will remain in force through November 2016.


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