The Department of Defense awarded more than $961 million worth of contracts to a total of 17 awardees on Thursday. And yet, one company, Hartford, Conn.-based United Technologies (NYSE: UTX ) , managed to capture nearly half the funds on offer when its subsidiary Sikorsky Aircraft landed a single contract for $435.3 million.
The contract, benefiting Naval Air Systems Command, Patuxent River, took the form of a modification to a previously awarded cost-plus-incentive-fee contract. It pays UTC's Sikorsky to supply the Navy with four new CH-53K Super Stallion heavy-lift helicopter "System Demonstration Test Article" aircraft by June 2017.
Sikorsky describes the Super Stallion as "the world's premier heavy lift helicopter" -- a 30-foot long, nine-foot wide, three-engine monster capable of flying at speeds of 170 knots, traveling 454 nautical miles without refueling, and hauling 18 tons of cargo in an external sling.
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