Textron and Boeing Win Millions in Navy, USAF, and Marine Corps Contracts

The Department of Defense announced 64 separate contract awards worth $3.51 billion Wednesday. Of these, defense contractor Textron (NYSE: TXT  ) won two, and pieces of two more.

Specifically, Textron's Bell Helicopter division won:

  • a firm-fixed-price contract worth up to $28 million to supply the U.S. Navy with blade assemblies through Dec. 31, 2016, and
  • a second firm-fixed-price contract for blade assemblies worth up to $14.2 million. This second one runs through July 31, 2016.

In addition, Textron's joint venture with Boeing (NYSE: BA  ) , known as the Bell-Boeing Joint Project Office, won contracts for:

  • $20.5 million: a delivery order to upgrade 15 Marine Corps and 8 Air Force V-22 Osprey tiltrotor aircraft training devices to the MV-22 Block C2.02, and CV-22 Block 20.2.01 configurations, respectively. This work is to be completed by September 2016.
  • $9.5 million: a modification to a previously issued delivery order from the U.S. Marine Corps, instructing the company to perform non-recurring engineering and flight test aircraft modifications to incorporate the Joint Allied Threat Awareness System and APR-39D(V)2 radar warning receivers into MV-22 Osprey tiltrotor aircraft by March 2016. 

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