United Tech, Textron Win Defense Contracts for Helo Repairs, Flight Simulators
The Department of Defense issued $10.92 billion worth of new and amended defense contracts on Friday -- a mind-boggling 113 separate contract awards in all. Of these, defense contractor United Technologies won two:
- An $84 million multi-year, no-option, cost-plus-fixed-fee, three-year, indefinite-delivery/indefinite-quantity contract to support Sikorsky H-60 Black Hawks operated by the U.S. and unspecified foreign militaries.
- A $38.4 million firm-fixed-price, non-option-eligible, non-multi-year foreign military sales contract to supply Hydro mechanical assembly fuel controllers used in the main turbine engines (Model) T55-GA-714A) that power the turboshafts on Boeing Chinook helicopters. UTC's customers on this contract will be the militaries of Australia, Turkey, and the United Arab Emirates.
Rival helicopter manufacturer Textron won two more:
- A $23 million contract modification to design and build upgraded flight simulators for U.S. Marine Corps AH-1Z Viper attack helicopters, UH-1Y Venom utility helicopters, as well as a Flight Training Device for the Venom. Delivery is due in March 2017.
- And also an $8.4 million contract modification to perform extraordinary repairs -- rewinging, other repairs, and recertification -- on five Afghan Cessna C-208B Caravan aircraft that have been damaged by hail.
The article United Tech, Textron Win Defense Contracts for Helo Repairs, Flight Simulators originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Textron. 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.
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