Out of 14 defense contracts awarded by Department of Defense
last Thursday, 2 contracts were assigned to the diversified
United Technologies Corp.
). The two contracts are reportedly worth $123.4 million.
The first contract, valued at $113.4 million, was awarded to Pratt
& Whitney, a subsidiary of United Technologies and a leading
global supplier of aircraft engines for the commercial, military,
business jet and general aviation markets. The contract
modification calls for maintenance of Low-Rate Initial Production
Lot VIII F135 propulsion systems, which are the engines powering
the F-35 fighter jets.
Per the contract, Pratt & Whitney will provide funding
operations and maintenance support, recurring and non-recurring
engineering sustainment, and supply chain work in support of the
propulsion systems. The contract will run through Mar 2017.
The second contract was won by Sikorsky Aircraft Corp., an
operating segment of United Technologies and a dominant
manufacturer of military and commercial helicopters. Sikorsky won a
$10 million, 17-month option exercise to continue design work on an
experimental air-vehicle, which is part of the DARPA Vertical
Take-Off and Landing experimental aircraft (VTOL X-Plane) program.
In Dec 2013, Sikorsky Aircraft Corp had won a $15 million contract
for the VTOL X-Plane program launched by the U.S. Defense Advanced
Research Projects Agency (DARPA). It involved development of the
preliminary design for the VTOL X-Plane, a high-speed vertical
takeoff-and-landing aircraft with the hover capability of a
helicopter. Due to this contract extension, Sikorsky will continue
to work on the program till Nov 2015.
Apart from United Technologies, the other primary beneficiary of
the defense contracts was
Lockheed Martin Corporation
Other awardees include
Rockwell Collins Inc.
) that won an $11.9 million contract modification to upgrade the
E-6B Mercury Weapon System Trainer for the U.S. Navy; and
The Boeing Company
) which secured a $28.7 million contract modification to design,
install and test the airworthiness of cabin equipment in the P-8A
Poseidon Test aircraft.
United Technologies currently sports a Zacks Rank #3 (Hold).
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