• How Much Does The MV-22B Osprey Cost?

    The MV-22B Osprey made news today because of a “mishap” that occurred in Australia.

    How Much Does The MV-22B Osprey Cost?

    According to news reports, the MV-22B Osprey crashed after an attempted launch from the ship Bonhomme Richard, as part of Marine Medium Tiltrotor Squadron 265.

    How much does the MV-22B Osprey cost? Read on…

    MV-22B Osprey Program

    The MV-22B Osprey is part of a larger program called the V-22 Osprey, which is used all over the US military, and has been around since the 1980s.

    The surprising characteristic about the V-22 Osprey is that it can take off and land vertically, so it doesn’t require a large takeoff/landing area.

    The V-22 Osprey program began with the need to rescue hostages in Iran, and eventually developed in to production airplanes.

    The V-22B is the newer revision from the 1990s of the V-22. The plane has been involved in several crashes to date, including two fatal crashes.

    The cost of the V-22 Osprey program, which includes the MV-22B Osprey, started off at around $2 billion in the 1980s, and quickly ballooned to around $30 billion.

    The total cost of the program is likely to be around $60 billion.

    MV-22B Osprey Cost

    Each Osprey is extremely expensive to produce, and even more expensive to maintain.

    Compared to an equivalent capacity helicopter, the MV-22B Osprey costs around double the price.

    In total, the MV-22B Osprey cost is around $72 million per unit.

    However, this does not include the lifetime cost of maintaining the MV-22B Osprey. That can add up to another $50 million+.

    Photo credit: FOX 52

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