Boeing welcomes Japan decision to buy V-22s

By Reuters

Nov 22, 2014 04:13 AM EST

Boeing Co (BA.N) on Friday welcomed a decision byJapan to buy V-22 Osprey tilt-rotor aircraft that it builds together with Bell Helicopter, a unit of Textron Inc (TXT.N).

"The Bell Boeing team is honored the Japanese Ministry of Defense has selected the V-22 Osprey to support its operational requirements, and we'll continue to work with the U.S. government on the foreign military sale," said Boeing spokeswoman Caroline Hutcheson.

She gave no details on the size of the expected order.

Japan's defense ministry announced the decision on its website on Friday after a budget document released in August requested funds for tilt-rotor aircraft.

Reuters reported last month that Japan would likely be the second foreign country to buy the aircraft, which takes off and lands like a helicopter, but flies like a plane.

At the time, sources familiar with the program said Japan was interested in 20 to 40 V-22s.

Israel, which was slated to be the first foreign buyer, has been reviewing its plans given budget constraints.

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