Proj and fiber product

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Let $X = \mathbb{P}(V)$, where $V$ is a vector bundle on $S$, a noetherian scheme. $\pi : X \longrightarrow S$. Let $T$ be an $S$-scheme.

I am wondering what the projective bundle of the pullback of $V$ to $T$ is; in particular, whether $\mathbb{P}(V\otimes O_T) = X\times T$?

Thanks!