Hello, Guest!
  • Wednesday, November 27, 2024

UTC Gets $2B Contract Modification for Air Force Repairables


United Technologies Corp. (NYSE: UTX) has received a five-year, $2.46B modification to an existing contract for the delivery of depot level repairables and consumable parts in support of the U.S. Air Force.

The Defense Logistics Agency awarded the modification that raises the base contract’s value to $4.93B and brings the cumulative work duration to cover 10 years, the Defense Department said Thursday.

Work will take place in Connecticut through Sept. 26, 2023 under the fixed-price prospective redetermination, multiple-year requirements contract.

The contract sources from working capital funds allotted for fiscal 2018 through 2023 to finance work.

Video of the Day

Related Articles

Former L3Harris CEO William Brown to Succeed Michael Roman as 3M Chief Executive in May Executive Moves

Former L3Harris CEO William Brown to Succeed Michael Roman as 3M Chief Executive in May

William Brown, former chairman of the board and CEO of L3Harris Technologies (NYSE: LHX), will take on the role of chief executive of multinational conglomerate 3M (NYSE: MMM) on May 1. He will succeed Michael Roman, who will transition to the role of executive chairman of the board at 3M in May, the company said

Christopher Calio to Succeed Gregory Hayes as RTX CEO in May Executive Moves

Christopher Calio to Succeed Gregory Hayes as RTX CEO in May

Christopher Calio, president and chief operating officer of RTX (NYSE: RTX), has been elected to the Arlington, Virginia-based aerospace and defense company’s board of directors and will assume the role of CEO in May. He will succeed Gregory Hayes, who will continue to serve as RTX’s executive chairman, the company said Thursday. “Today’s announcement reflects

Carroll Lane Named Kaman Interim CFO Executive Moves

Carroll Lane Named Kaman Interim CFO

Carroll Lane, a senior vice president and segment lead of engineered and precision products at Kaman (NYSE: KAMN), has been appointed interim chief financial officer at the Bloomfield, Connecticut-based aerospace and defense contractor. He replaces James Coogan, who is stepping down as CFO after two years in the role and Kaman said Friday it has