Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



United Tech Wins $64.5 Million in Pentagon Helo Parts Contracts

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

The Department of Defense awarded United Technologies (NYSE: UTX  ) and its subsidiaries more than $64.5 million in the form of two separate contracts Friday. Specifically:

  • United Technologies (NYSE: UTX  ) proper won a maximum $16.6 million firm-fixed-price, sole-source contract to supply fan rotors and replacement parts to the U.S. Air Force through June 30, 2014.
  • New UTC subsidiary Goodrich Pump and Engine Control Systems, meanwhile, brought in a contract nearly three times as large. UTC's West Hartford, Conn., subsidiary landed a $48 million firm-fixed-price, multiyear contract for the sale of as many as 1,500 fuel control systems for use aboard Boeing CH-47 helicopters.

United Technologies shares rose 0.5% in Friday trading, closing at $95.25 ahead of the Pentagon's daily roll call of contracts awarded.

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.

Compare Brokers

Fool Disclosure

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: 2424804, ~/Articles/ArticleHandler.aspx, 9/25/2016 7:01:09 AM

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...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:03 PM
UTX $102.56 Down -0.44 -0.43%
United Technologie… CAPS Rating: ****