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.
The crash of a T-38 trainer jet this May—which caused a weekslong pause in flights across the fleet—was caused by an improperly installed pin for one of the jet’s horizontal stabilizers, according to a new accident report released Oct. 30. When the pin disengaged midflight, it created the slightest amount…