Author: Joey Harris|| Date Published: September 10, 2018
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 Departmentsaid 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.
Antenna Research Associates has appointed Jay Abendroth, a seasoned defense electronics executive, as chief growth officer to lead business development…
Precise Systems has appointed Michael “Mike” Risik as vice president of business development. The Lexington Park, Maryland-based company said Wednesday Risik will…
Aerospace and defense technology company Merlin has closed its business combination with Inflection Point Acquisition Corp. IV, a special purpose acquisition company…
Raytheon, an RTX business, has received a potential $212.1 million cost-plus-fixed-fee contract to provide operations and maintenance services for a relocatable over-the-horizon…
