This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Sikorsky Awarded Maintenance Contract For U.S. Navy Pilot Training Aircraft

Stocks in this article: UTX

STRATFORD, Conn., Feb. 20, 2014 /PRNewswire/ -- Sikorsky Aircraft Corp. today announced the award of a maintenance and support services contract for more than 360 aircraft operated by the Chief of Naval Air Training (CNATRA). Valued at an estimated $110 million, the work is expected to be completed in October 2014. Sikorsky Aircraft is a subsidiary of United Technologies Corp. (NYSE: UTX).

Sikorsky Logo

"We are very proud to manage this contract again and support CNATRA and the Naval Air Training Command. From 2006 to January 2013, our outstanding workforce delivered exceptional performance, meeting the Navy's stringent requirements. In fact, for the last year aircraft availability exceeded our contractual specifications," said George Mitchell, Vice President, Aircraft & Support for Sikorsky's Defense Systems & Services business.  "Winning this contract again speaks to our ability to provide world-class aviation support, not only to our rotary-wing platforms but to the U.S. military's multiple fixed-wing fleets."

The contract was awarded by the Naval Air Systems Command (NAVAIR), based at the Naval Air Station in Patuxent River, Maryland. Sikorsky is providing program and material management, scheduled inspections, depot level maintenance, required repairs, modifications and logistical support for Naval Air Training undergraduate missions. Aircraft variants include the single-engine T-34, the twin engine T-44A and T-44C, and the single-engine T-6A and T-6B. 

The work is being performed at multiple sites: Naval Air Station Corpus Christi, Texas; the Naval Air Stations in Pensacola and Whiting Field, both in Florida; and seven key satellite locations throughout the continental United States.

Sikorsky Aircraft, based in Stratford, Conn., is a world leader in helicopter design, manufacture and service. United Technologies Corp., based in Hartford, Conn., provides a broad range of high technology products and support services to the aerospace and building systems industries worldwide.   

www.sikorsky.com 

Logo: http://photos.prnewswire.com/prnh/20060403/SIKORSKYLOGO

SOURCE Sikorsky Aircraft Corp.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs