Date: March 31 2008
We just got word through the grapevine that a V-22 multi-year plan has been reached between Bell-Boeing and the government. The plan guarantees a buy of 167 Ospreys for $10.4 billion. That's about $62 million per aircraft, which is above the unit flyaway target of $58 million, but considerably down from the $72 million or so price of recent years.
This multi-year plan has been in works for years. Sticky points were the wording of the commitment letter and the details surrounding "reopeners" - the caveats that would allow the government to renegotiate the terms in the future.
Meanwhile, word from the front is the V-22 has morphed into the VIP transport of choice due to its speed and smooth ride. (Even John McCain was ferried around in one during his recent visit.)
Click to view image: '168676-SparklyOsprey.jpg'
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