DID - USN Taps Boeing For Five New CMV-22B Osprey Aircraft | Raytheon Secures Contract for SM-2 Missile Spares | DoS Approves FMS To Saudi Arabia

Americas The US Navy has approved a $590 million contract modification with Bell Boeing to produce and deliver five CMV-22B Osprey aircraft. These tiltrotor planes, designed for delivering personnel, mail, and cargo to aircraft carriers, will replace the older C-2A Greyhound. Work will take place at various locations in the US and is expected to finish by January 2028. An initial $132.1 million from the Navy’s 2024 budget has been allocated for this project. Raytheon Co. has been awarded a $141 million contract modification to supply Standard Missile-2 (SM-2) production spares to several U.S. allies through the Foreign Military Sales (FMS) program. Japan will cover 57% of the funds, followed by Australia at 19%, the Netherlands at 13%, Spain at 6%, and Germany at 5%. Work will be performed primarily in East Camden, Arkansas (72%), and Tucson, Arizona (28%), with an expected completion date of June 2030. The SM-2 is a key component of naval air defense systems, used for intercepting aircraft and missiles. This contract highlights strong defense ties between the US and its allies. Middle East & Africa The US State Department has approved what would be the first sale of advanced precision kill weapon systems to Saudi […]

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