Author: Jay Clemens|| Date Published: March 14, 2016
A subsidiary ofTextron (NYSE: TXT) has received a three-year, $461.1 million contract modification to manufacture and deliver new batches of AH-1ZViper and UH-1YVenom helicopters to the U.S. Navy.
Textron unit Bell Helicopter will provide 16 Vipers, 12 Venoms and 16 auxiliary fuel kits under the fixed-price-incentive contract, the Defense Departmentsaid Friday.
Work will take place at company facilities in Fort Worth and Amarillo, Texas, through February 2019 and the full obligated amount for the contract is from the Navy’s fiscal 2016 aircraft procurement funds.
Bell Helicopter designed the UH-1Y and AH-1Z to help fulfill various mission requirements of the U.S. Marine Corps.
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A subsidiary of Textron (NYSE: TXT) has received a three-year, $461.1 million contract modification to manufacture and deliver new batches of AH-1Z Viper and UH-1Y Venom helicopters to the U.S. Navy.
