Textron Subsidiary Gets $461M Modification on Helicopter, Fuel Kit Contract with Navy

LogisticsA 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.

Textron unit Bell Helicopter will provide 16 Vipers, 12 Venoms and 16 auxiliary fuel kits under the fixed-price-incentive contract, the Defense Department said 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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