UTC Gets $437M Air Force Contract Modification for Engine Risk Reduction Work

United Technologies Corp. (NYSE: UTX) has received a $436.7M contract modification from the U.S. Air Force to execute risk reduction efforts related to air superiority applications of a flight-weight adaptive engine.

The modification falls under a previously awarded contract that covers the design, development, fabrication and test of next-generation propulsion technology, the Defense Department said Friday.

UTC was initially awarded a potential $1B contract in July 2016 to support the Air Force’s Adaptive Engine Transition Program.

DoD pegs the total cumulative value of UTC’s contract at $1.45B and expects the company to complete its risk reduction work by Feb. 28, 2022.

The Air Force Life Cycle Management Center has obligated $10M at the time of award from the service branch’s research and development funds for fiscal 2018.

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about Contract Awards

Related Articles

The Ultimate Guide to Winning Government Contracts Let us show you how top executives are winning so you can replicate it