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United Tech Wins Turkish F-16 Contract

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On Friday, defense contractor United Technologies (NYSE: UTX  ) announced that its UTC Aerospace Systems subsidiary has won a contract of unspecified value to supply four advanced DB-110 airborne reconnaissance systems, and also three fixed/transportable Imagery Exploitation Systems, for use aboard Turkish Air Force F-16 fighter jets.

The contract, part of the ironically acronymed Turkish Airborne Reconnaissance Program, or TARP, is technically with Turkish defense contractor Aselsan Elektronic Sanayi ve Ticaret, which is ordering the recon systems on behalf of the Turkish Air Force. UTC will additionally be asked to provide training and logistics support services for the devices.

In a statement explaining the award, UTC notes: "The DB-110 digital, real-time, tactical reconnaissance system captures images day and night using electro-optical/infrared sensor technology. Images can then be transmitted in real-time to analysts on the ground as well as viewed on the cockpit video display, enabling the pilots to verify targets and retask based on opportunities revealed during the mission."

Shares of the parent company, United Technologies, declined 0.5% in Friday trading, closing at $90.13.

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8/24/2016 4:01 PM
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