Business

Bell- Boeing Co (NYSE:BA) Has Won A Navy Contract To Upgrade V-22 Aircraft

The increased orders for commercial airplanes, the record backlog supporting revenue growth, expanded presence in domestic as well as international markets are some of the things that have led Boeing Co (NYSE:BA) to soar up to about 95.7%.The company outperformed the broader industry’s 42.9% and is currently laying down more strategies in a bid to sharpen its competitive edge in a market characterized by stiff competition.

The joint venture (JV) between Bell Helicopter which is a unit of Textron Inc (NYSE:TXT) and Boeing Company BA recently won a delivery order in relation to V-22 aircraft. And a person well conversant with the matter says that by 2020 the work related to the deal will have been completed.

Handling terror attacks

Terror attacks have been on the rise, the ISIS almost taking the world to its knees. Nations around the world are seeing the need to bump up their defense budgets as well as strengthen their arsenal in a bid to combat terrorism. The present U.S. administration has taken to increasing the defense spending to ensure that it keeps its citizens safe from such attacks.

The fiscal 2019 defense budget allocated $716 billion to the activity and reports indicate that Textron and Boeing will each receive increased flow of contracts from the Pentagon top use in the purchase of high-end defense equipment. The latest contract win by Bell-Boeing is being seen by many as the first step towards ensuring the safety of citizens from the terror groups.

V-22 Osprey

V-22 Osprey is the primary product of Bell-Boeing and it is fundamentally a multi-mission military aircraft and it is associated with the short and as well as the vertical landing capabilities. It is made to combine the long-range, high-speed cruise performance of a turboprop aircraft with the functionality of a conventional helicopter from the design. It is a military aircraft able to carry about 15,000 pounds of external cargo. Or up to 20,000 pounds of internal cargo.

The V-22 tiltrotor has so far been deployed in several missions globally, including theater security cooperation, VIP transport disaster relief as well as in tactical recovery of aircraft and personnel.