$47.3M for MV-22 Osprey Cost Reduction Program
The Bell-Boeing Joint Program Office in Patuxent River, MD received a $47.3 million firm-fixed-price, fixed-price-award-fee, time-and-material delivery order against a previously awarded basic ordering agreement (N00019-04-G-0007) to provide V-22 Price Reduction Program efforts. These Cost Reduction Initiative (CRI) implementation and team support, CRI tracking and validation, and CRI trade studies. Work will be performed in Ridley Park, PA (50%); Fort Worth, TX (40%); and Amarillo, TX (10%) and is expected to be completed in March 2008. The Naval Air Systems Command, Patuxent River, MD issued the contract, which is an important component of the MV-22 procurement program as it prepares for operational evaluation in the face of projected procurement cuts.