Navy Awards Textron Subsidiary $581M Contract Modification for Helicopter, Fuel Kit Production

LogisticsTextron‘s (NYSE: TXT) Bell Helicopter subsidiary has been awarded a three-year, $581.1 million contract modification to build UH-1Y Venom and AH-1Z Viper helicopters for the U.S. Marine Corps and Pakistani military.

Bell Helicopter will produce and deliver a total of 35 utility and attack helicopter units along with 21 auxiliary fuel kits under the contract, the Defense Department said Tuesday.

Ninety percent of the order came from the U.S. Navy and the remaining 10 percent from Pakistan.

The Naval Air Systems Command is the contracting activity and the military service will obligate the full amount from fiscal 2014 and 2015 aircraft procurement and foreign military sales funds.

Work will occur through August 2018 at Bell Helicopter facilities in Fort Worth and Amarillo, Texas.

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