Textron and Boeing Win Millions in Navy, USAF, and Marine Corps Contracts
The Department of Defense announced 64 separate contract awards worth $3.51 billion Wednesday. Of these, defense contractor Textron won two, and pieces of two more.
Specifically, Textron's Bell Helicopter division won:
- a firm-fixed-price contract worth up to $28 million to supply the U.S. Navy with blade assemblies through Dec. 31, 2016, and
- a second firm-fixed-price contract for blade assemblies worth up to $14.2 million. This second one runs through July 31, 2016.
In addition, Textron's joint venture with Boeing , known as the Bell-Boeing Joint Project Office, won contracts for:
- $20.5 million: a delivery order to upgrade 15 Marine Corps and 8 Air Force V-22 Osprey tiltrotor aircraft training devices to the MV-22 Block C2.02, and CV-22 Block 20.2.01 configurations, respectively. This work is to be completed by September 2016.
- $9.5 million: a modification to a previously issued delivery order from the U.S. Marine Corps, instructing the company to perform non-recurring engineering and flight test aircraft modifications to incorporate the Joint Allied Threat Awareness System and APR-39D(V)2 radar warning receivers into MV-22 Osprey tiltrotor aircraft by March 2016.
The article Textron and Boeing Win Millions in Navy, USAF, and Marine Corps Contracts 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 may not 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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