The Department of Defense awarded more than $961 million worth of contracts to a total of 17 awardees on Thursday. And yet, one company, Hartford, Conn.-based United Technologies (NYSE:UTX), managed to capture nearly half the funds on offer when its subsidiary Sikorsky Aircraft landed a single contract for $435.3 million.
The contract, benefiting Naval Air Systems Command, Patuxent River, took the form of a modification to a previously awarded cost-plus-incentive-fee contract. It pays UTC's Sikorsky to supply the Navy with four new CH-53K Super Stallion heavy-lift helicopter "System Demonstration Test Article" aircraft by June 2017.
Sikorsky describes the Super Stallion as "the world's premier heavy lift helicopter" -- a 30-foot long, nine-foot wide, three-engine monster capable of flying at speeds of 170 knots, traveling 454 nautical miles without refueling, and hauling 18 tons of cargo in an external sling.
Fool contributor Rich Smith and The Motley Fool have no position in any stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
Was Amazon's $50 Million Football Bet Worth It?
Amazon revealed a few data points about its "Thursday Night Football" viewership.
3 Stocks You Can Keep Forever
These three very different companies have one thing in common: Each can continue to grow for decades to come.
Why Constellation Brands Stock Soared 49% in 2017
Surging sales and higher profits powered a great year for this alcoholic beverage giant.