United Technologies Wins $71 Million for F-15, F-16 Engine Parts

Before you go, we thought you'd like these...
Before you go close icon

The U.S. Department of Defense ended the work week with a bang Friday, handing out awards for $4.95 billion in new work to government contractors in the form of 45 separate contracts. United Technologies didn't win the most dollars of any defense contractor Friday, but it came very close to winning the most contracts, period.

All four of its firm-fixed-price, sole-source contract awards went to UTC's Pratt & Whitney airplanes division. All four concern the company's F100 afterburning turbofan engine, which powers Air Force F-15 and F-16 fighter jets, and all four state their contract values as "minimum" amounts, implying that if more parts are needed, the dollar value of these contracts will grow:

  • $23.6 million: to supply the Air Force with spare F100 aircraft engine fan rotors through Aug. 30, 2015.
  • $13.8 million: also for spare aircraft engine fan rotors, but with a February 2016 performance completion date.
  • $19.4 million: to supply F100 aircraft engine spare part-diffuser cases, with deliveries running through June 2017.
  • $14.1 million: also for engine spare-part diffuser cases, but with a February 2016 performance completion date.

In total, therefore, UTC's subsidiary stands to generate a minimum of $70.9 million from these four contracts, and possibly more.

The article United Technologies Wins $71 Million for F-15, F-16 Engine Parts originally appeared on Fool.com.

Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners