See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
The Boeing Company (BA) - free report >>
Lockheed Martin Corporation (LMT) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Boeing Company (BA) - free report >>
Lockheed Martin Corporation (LMT) - free report >>
Image: Bigstock
Bell-Boeing Joint Venture Wins U.S. Navy Contract for MV-22
Bell-Boeing, a strategic alliance between The Boeing Co. (BA - Free Report) and Bell Helicopter, Textron Inc.’s (TXT - Free Report) wholly owned subsidiary, has won a $544.7 million multi-year modification contract from the U.S. Navy to supply four MV-22 tilt rotor aircraft. Contracting activity is the Naval Air Systems Command, Patuxent River, MA.
Per the modification, the joint venture will provide long lead production materials for the aircraft, and manufacture and deliver the order. The modification is in agreement with the difference in quantity clause for the government of Japan and includes an engineering alteration proposal for the standby flight display.
Work is scheduled to be complete by May 2020. The company will execute the majority of the work in Fort Worth, TX, while the rest will be carried out across the states of Pennsylvania, Texas, New York, California Arizona, Utah, Washington, Georgia, New Mexico, Michigan Vermont, North Carolina and Ohio among other locations in the U.S. as well as in other countries including the UK and Canada. The contract will use foreign military sales funds.
TEXTRON INC Price
TEXTRON INC Price | TEXTRON INC Quote
BOEING CO Price
BOEING CO Price | BOEING CO Quote
MV-22 is a variant of the V-22 Osprey which is supplied to the U.S. Marine corps by Boeing. The V-22 aircraft was built by Boeing, in collaboration with Bell Helicopter. The V-22 Osprey is a joint-service multi-role combat aircraft that can fly as fast as a plane and land like a helicopter. It has the capacity to carry 24 combat troops, or up to 20,000 pounds of internal cargo or 15,000 pounds of external cargo.
Zacks Rank & Key Picks
Currently, Boeing holds a Zacks Rank #3 (Hold) and Textron has a Zacks Rank #4 (Sell). A couple of stocks worth considering in this space include Northrop Grumman Corporation (NOC - Free Report) and Lockheed Martin Corporation (LMT - Free Report) , both carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>