Pentagon Orders 57 New Black Hawk and Pave Hawk Helos from United Technologies

The Department of Defense announced 24 new defense contracts Monday, with a combined value of $1.66 billion. The biggest of these awards, by a large margin, was the $724 million contract modification that United Technologies subsidiary Sikorsky Aircraft Corp just landed.

U.S. Air Force Pave Hawk lifting off from Bagram Airfield in Afghanistan. Source: Wikimedia Commons

Accounting for nearly 44% of all funds on offer Monday, Sikorsky's contract hires the company to supply the DoD with 33 UH-60M Black Hawk transport helicopters and 24 HH-60M combat search-and-rescue helicopters, plus associated program management, systems engineering, provisioning, and logistics services. These funds cover planned purchases of third lot-year helicopters under the underlying contract, and also contribute funds in advance for lot-years four and five (which may be applied to termination fees if those outlying years' helicopters are ultimately not bought).

Delivery of this year's lot of helos is due by June 30, 2015.


The article Pentagon Orders 57 New Black Hawk and Pave Hawk Helos from United Technologies originally appeared on

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.

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

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs 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.