The Department of Defense issued $10.92 billion worth of new and amended defense contracts on Friday -- a mind-boggling 113 separate contract awards in all. Of these, defense contractor United Technologies (NYSE:UTX) won two:
- An $84 million multi-year, no-option, cost-plus-fixed-fee, three-year, indefinite-delivery/indefinite-quantity contract to support Sikorsky H-60 Black Hawks operated by the U.S. and unspecified foreign militaries.
- A $38.4 million firm-fixed-price, non-option-eligible, non-multi-year foreign military sales contract to supply Hydro mechanical assembly fuel controllers used in the main turbine engines (Model) T55-GA-714A) that power the turboshafts on Boeing Chinook helicopters. UTC's customers on this contract will be the militaries of Australia, Turkey, and the United Arab Emirates.
Rival helicopter manufacturer Textron (NYSE:TXT) won two more:
- A $23 million contract modification to design and build upgraded flight simulators for U.S. Marine Corps AH-1Z Viper attack helicopters, UH-1Y Venom utility helicopters, as well as a Flight Training Device for the Venom. Delivery is due in March 2017.
- And also an $8.4 million contract modification to perform extraordinary repairs -- rewinging, other repairs, and recertification -- on five Afghan Cessna C-208B Caravan aircraft that have been damaged by hail.
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