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