Thursday, 31 October 2013

United Tech Wins $205 Million in New Defense Contracts

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.

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. Read more UTX.

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