Pentagon Awards Contract to Upgrade Navy's T-44s

This week, the Department of Defense provided further evidence that -- bankrupt though it may be -- Goldman Sachs (NYSE: GS  ) holding Hawker Beechcraft still has a role to play in the U.S. military.

On Friday, the DoD announced it is awarding privately held Melbourne, Fla.-based Southeast Aerospace a $9.1 million firm-fixed-price, indefinite-delivery/indefinite-quantity contract to supply part kits to upgrade the avionics systems on the Navy's T-44 aircraft. The T-44 is a prop-driven training plane manufactured by Hawker subsidiary Beech Aircraft in Wichita, Kan.

The DoD contract provides that work on the upgrades is to be completed by January 2014, but the Navy (which operates the planes) has the option to add two additional one-year periods, extending the contract's duration to January 2016. If both options are exercised, the total maximum value of the contract rises to $18.3 million.

Presumably, it would also help if Hawker itself is around to help keep the planes flying for these next three years.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2217186, ~/Articles/ArticleHandler.aspx, 10/25/2014 1:55:35 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement