General Electric Company (GE) and United Technologies Corp. (UTX) procured 3 Department of Defense contracts.
37 Pentagon Defense Contracts were awarded, with a total value of $2.2 billion. The contracts signify a thaw in defense budget as the government slowly eases its purse strings.
GE Aviation won a $7.5 million, cost-plus-fixed-fee delivery order relating to the F404 Engine Component Improvement Program. This entails GE Aviation to offer engineering and engine system improvement support for the US Navy and for the respective governments of Australia, Canada, Finland, South Korea, Kuwait, Malaysia, Spain, Sweden, and Switzerland through December 2014.
General Electric also received a $7.8 million cost-plus-fixed-fee delivery order for the F414 engine. The contract has the US Navy and the government of Australia as its customers.
CFM International also won an $8.5 million firm-fixed-price contract to supply engine combustion liners to the US Air Force through April 2015.
United Technologies'Pratt & Whitney procured a contract worth $231.5 million relating to the F119-PW-100 engines that power Lockheed Martin Corporation 's (LMT) F-22 Raptor stealth fighter jet.
Sikorsky, a segment of United Technologies, won a $105.3 million deal to modify eight UH-60M Black Hawk Helicopters for the Saudi Arabian National Guard. Sikorsky received an $18.3 million maintenance contract for the US Navy.