Hello, Guest!
  • Friday, November 22, 2024

Vertex Aerospace Secures $180M Navy T-45 Aircraft Support Contract Option


Jeff Brody

Vertex Aerospace has secured a one-year, $180.4M contract modification to perform logistics, maintenance and engineering work on the U.S. Navy’s T-45 trainer aircraft.

The company will also provide associated tools, equipment, and indirect and direct materials to support flight, test and evaluation activities, the Department of Defense said Thursday.

The modification represents an exercised option under a $151.3M contract awarded in July 2014 to maintain T-45s at the organizational, intermediate and depot levels.

Investment firm American Industrial Partners completed its purchase of Vertex Aerospace in July 2018 from the now-former L3 Technologies through a $540M cash deal.

Video of the Day

Related Articles

RTX Books $344M Standard Missile Production Contract Contract Awards

RTX Books $344M Standard Missile Production Contract

Raytheon, a subsidiary of RTX (NYSE: RTX), has received a $344 million contract to build and deliver two Standard Missile variants with a common guidance section to U.S. and international military customers. The company said Thursday it will produce the SM-2 Block IIICU and SM-6 Block IU missiles on a common production line for the

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted M&A Activity

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted

VTG has moved to expand its portfolio of digital transformation platforms and cloud services for defense and intelligence community customers through its acquisition of Vana Solutions. Vana Solutions is a Dayton, Ohio-based company founded by Srujal Sheth and Sunit Sheth in 2005 and is focused on delivering cloud services, advanced analytics, data fabric platforms and

Kristen McLeod Promoted to Calibre Systems EVP, CFO Executive Moves

Kristen McLeod Promoted to Calibre Systems EVP, CFO

Kristen McLeod, most recently senior vice president of finance and accounting and controller at Calibre Systems, has assumed the roles of executive VP and chief financial officer at the Alexandria, Virginia-based management consulting and digital transformation company. In this capacity, she will serve as a corporate officer and fiscal strategist and continue to offer insights