Monitor subsequent orders under the basic ordering agreement for additional funding obligations and execution progress on the flight control system redesign. The multi-year development program provides revenue visibility through 2030 but is a modest fraction of Textron's total revenue.
How the stock moved after the report
NEUTRAL VIEWSTOCK ABOVE ENTRY AT T+5- T+0 · Oct 19 $76.20entry
- T+1 · 15d ago +1.25%α +0.91% · $77.15
- T+5 · 9d ago +2.51%α +2.65% · $78.11
- T+12 · todayOpen
- T+20 · in 12d Pending
- T+60 · in 2mo Pending
Price Chart
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Executive Summary
The Bell Boeing Joint Project Office received a $90.8 million cost-plus-incentive-fee order from the U.S. Navy to continue redesign and development of the V-22 Osprey Flight Control System, including replacement computers, cockpit interfaces, and test equipment for the Air Force, Marine Corps, Navy, and foreign military sales customers. Work runs through October 2030, with initial obligated funds of $4.9 million. The award is a sole-source follow-on to an existing basic ordering agreement and represents about 0.6% of Textron's annualized revenue.
Key Financial Metrics
Key Facts
- Award value: $90,826,949 (cost-plus-incentive-fee order N0001927F1025 against basic ordering agreement N0001922G0002)
- Work scope: continued redesign and development of V-22 Osprey Flight Control System, including flight control computers, cockpit interface units, and test equipment
- Customers: Air Force, Marine Corps, Navy, and Foreign Military Sales customers
- Work locations: Ridley Park, PA (52%), Mesa AZ (42%), Fort Worth TX (5%), and various US locations (1%)
- Completion expected October 2030
- Initial obligated funds: $3,068,800 (Air Force RDT&E), $369,250 (Navy RDT&E), $1,431,200 (FMS customer funds) = $4,869,250 total
- Not competitively procured; sole-source award
- Contracting activity: Naval Air Systems Command, Patuxent River, MD
- Award represents ~0.6% of Textron's annualized revenue ($15.308 billion)
Financial Impact
$90.8 million award, 0.6% of annualized revenue; initial obligation $4.9 million
Risk Factors
- Funding subject to annual appropriations and continuing resolutions
- Cost-plus contract carries execution risk on development milestones
- Aging electronic components and cybersecurity requirements may introduce technical challenges
Investment Themes
Documents Analyzed
This report is based on 1 federal contract record from official U.S. government contract data.
| Document | Accession Number |
|---|---|
| GOVT-CONTRACT Data (Synthetic) | contract-N0001927F1025~6e5fa |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 4, 2026 today | 8-K | $86.52 | awaiting T+1 | awaiting T+1 | $86.65 (+0.15%) |
Oct 30, 2026 5d ago | GOVT-CONTRACT | $88.53 $87.75 | ▼ −0.88% | ▼ −1.18% | $86.65 (−2.12%) |
Oct 29, 2026 6d ago | 8-K | $87.46 $85.70 | ▼ −2.01% | ▼ −0.24% | $86.65 (−0.93%) |
Oct 20, 2026 15d ago | Institutional Cluster | $77.28 $78.04 | ▼ −0.98% | ▼ −2.16% | $86.65 (−12.12%) |
Oct 16, 2026 19d ago | GOVT-CONTRACT | $76.20 $77.15 | ▲ +1.25% | ▲ +0.91% | $86.65 (+13.71%) |
Jul 28, 2026 14w ago | 8-K | $89.96 $85.65 | ▼ −4.79% | ▼ −3.25% | $86.65 (−3.68%) |
Jul 22, 2026 15w ago | GOVT-CONTRACT | $93.19 $95.53 | ▲ +2.51% | ▲ +2.41% | $86.65 (−7.02%) |
Jul 9, 2026 16w ago | GOVT-CONTRACT | $90.91 $89.42 | ▼ −1.64% | ▼ −0.87% | $86.65 (−4.69%) |
Jun 3, 2026 22w ago | Court Ruling | $91.09 $91.08 | ▼ −0.01% | ▲ +2.57% | $86.65 (−4.87%) |
May 21, 2026 23w ago | GOVT-CONTRACT | $91.79 $92.64 | ▲ +0.93% | ▲ +0.26% | $86.65 (−5.60%) |
US Market Status
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