The Department of Defense awarded seven new defense contracts Friday, worth $591.3 million in total. United Technologies (NYSE:UTX) didn't win the biggest contract -- but it did win the second biggest.
More precisely, it was UTC subsidiary Goodrich Corp which won the day's second biggest contract, a $183 million firm-fixed-price contract action of as-yet indeterminate scope, to perform in-country setup and installation of ground stations for the Royal Saudi Air Force's DB110 Reconnaissance Systems.
Incorporating "pods" mounted on a combat aircraft, DB110 is a long-range sensor system that can capture images day or night to assist a pilot in tasks such as assessing damage from a missile strike. The system can also transmit these images to intelligence officers on the ground in real time.
Work under this contract is to be completed by July 23, 2021.
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