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Textron Wins $83 Million in Helicopter Contracts

Starting the week off with a bang (if you'll pardon the expression), the U.S. Department of Defense announced 18 separate contract awards on Monday worth approximately $1.95 billion in total. Textron's (NYSE: TXT  ) Bell Helicopter business claimed two of the contracts, both for helicopter parts:

The first award, worth $21.2 million, hires Bell to supply an unspecified number of rotary wing blades to the Defense Logistics Agency, Aviation. The firm-fixed-price, sole-source contract will run through Jan. 30, 2017.

In a second, larger award, Textron was awarded a $61 million contract modification to procure metal helicopter cabins and supplemental parts kits necessary to outfit 12 OH-58D Kiowa Warrior scout helicopters. Textron describes the Kiowa Warrior, the latest version of the Kiowa (which has been flying since 1969), as "like no other armed reconnaissance helicopter in the world," boasting infrared jamming equipment, laser warning detectors, and radar warning receivers on the defensive side, and everything from .50 caliber machine guns to Hydra rockets and Hellfire missiles on offense.

OH-58D Kiowa Warrior, Source: Bell Helicopter.

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9/30/2016 4:05 PM
TXT $39.75 Up +0.25 +0.63%
Textron CAPS Rating: ****