The US Navy awarded Textron Inc.’s Bell Helicopter and Boeing Co. $1 billion to buy components for 16 V-22 Osprey aircraft through September 2009. The contract pays for long lead components that are associated with the production and delivery of 14 MV-22 versions of the tilt rotor aircraft and two Fiscal 2007 CV-22 versions for the Air Force.
Secretary of Defense Pete Hegseth vowed to undertake far-reaching reforms on the way the U.S. military buys weapons, promising a sweeping overhaul of the way the Defense Department determines requirements, handles the acquisition process, and tests its kit. The fundamental goal, which Hegseth underscored in a 1-hour and 10-minute speech…
