Home / Contract Awards / Textron Subsidiary to Produce Lot 16 Navy Attack Helicopters Under $440M Contract Modification

Textron Subsidiary to Produce Lot 16 Navy Attack Helicopters Under $440M Contract Modification

Textron’s (NYSE: TXT) Bell Helicopter subsidiary has received a four-year, $439.5M contract modification to build 25 lot 16 AH-1Z twin-engine attack helicopters for the U.S. Navy.

Bell Helicopter will also provide 25 stores control units as part of the modification, which exercises an option under a previously awarded fixed-price-incentive contract, the Department of Defense said Friday.

Work will take place in Texas through January 2022.

In August 2018, the Navy awarded a $509.7M modification for the contractor to manufacture and deliver 29 AH-1Zs in support of the U.S. Marine Corps’ H-1 modernization program.

Check Also

McAleese & Associates: Investors Expect HII to Hit 10% Shipbuilding Margins in 2019

A new report by consulting firm McAleese & Associates says investors expect Huntington Ingalls Industries (NYSE: HII) to …

Jim Garrettson, CEO of Executive Mosaic, Presents Bruce Caswell His First Wash100 Award

Jim Garrettson, founder and CEO of Executive Mosaic, presented Bruce Caswell, president and CEO of …