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.
Air Force Gen. Alexus G. Grynkewich assumed command of U.S. European Command on July 1, taking over the key assignment as the U.S. and its allies contend with a resurgent Russia and a grinding war in Ukraine.