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  • Friday, April 19, 2024

UTC Lands $140M in Contracts to Support Navy, National Guard Aircraft Propeller Upgrades


United Technologies Corp.‘s (NYSE: UTX) aerospace systems unit has secured contracts worth more than $140 million to help the update propeller systems in the U.S. Navy‘s C/KC-130T aircraft.

The UTC Aerospace Systems business has also completed nine of 12 contracted propeller upgrades for the Air National Guard’s C-130H planes, the company said said Monday.

NATO’s support and procurement agency awarded the contracts, which have a combined potential value of $140 million.

UTC Aerospace Systems will equip NAVAIR and ANG transport aircraft with the NP2000 propeller system that will feature eight composite blades and updated electronic control technology.

Lockheed Martin‘s (NYSE: LMT) future P-3 platform may use the NP2000 system that currently used on Northrop Grumman‘s (NYSE: NOC) E-2 and C-2 aircraft platforms.

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