Bell secures ~$300M SPINE upgrade work for 49 USMC H-1 helicopters
Bell Textron won a Department of the Navy contract to apply its Structural and Power Improvements for NextGen Effects (SPINE) upgrade to 49 H-1 family helicopters operated by the US Marine Corps. The agreement is estimated at ~$300 million with firm-fixed-price, fixed-price incentive, and cost-plus-fixed-fee terms.