United Tech Wins $205 Million in New Defense Contracts

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The Department of Defense on Wednesday announced 13 new contracts that are worth $1.14 billion in aggregate. Honeywell International claimed roughly 44% of the funds on offer, but United Technologies (NYSE: UTX  ) came in a not-too-distant second.

Three United Technologies divisions won Pentagon contracts:

  • Sikorsky Support Services received an indefinite-delivery requirements contract worth $110.8 million to provide organizational, intermediate, and depot-level maintenance to support U.S. Navy T-34, T-44, and T-6 training aircraft built by Beechcraft. Sikorsky will also provide labor, equipment, and tooling needed to support the nearly 370 training aircraft covered under the contract through October 2014.
  • Sikorsky Aircraft was awarded an $86.8 million foreign military sales contract modification funding the purchase of two additional Lot II S-70B Seahawk anti-submarine warfare/anti-surface warfare helicopters for the government of Brazil. These additional helicopters are expected to be delivered by June 2017.
  • UTC's Hamilton Sundstrand -- now known by its new name, UTC Aerospace Systems -- won a $7.4 million firm-fixed-price delivery order to repair 118 aircraft constant frequency generators used aboard Marine Corps V-22 Osprey tiltrotor aircraft. This work should be complete by March 31, 2014. 

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9/30/2016 9:39 AM
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