Textron and Boeing alliance receives 5-year, $10.4 billion contract from Defense Department

Bell Boeing, an alliance between Textron Inc.'s Bell Helicopter unit and Boeing Co., received a $10.4 billion, five-year contract from the U.S. Department of Defense for 167 Osprey aircraft.

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The contract includes 26 of the aircraft for the Air Force Special Operations Command and 141 planes for the U.S. Marine Corps.

Textron shares rose $1.13, or 2.1 percent, to $55.75 during aftermarket electronic trading, after closing up 37 cents at $54.62. Boeing Co. shares fell 75 cents to close at $73.47.