United Technologies has been awarded a billion-dollar contract from the U.S. Air Force. The companyâ¿¿s subsidiary Sikorsky Aircraft has been charged to develop new combat search and rescue helicopters for the military, basing its design on the already in operation UH-60 Black Hawk model. The current $1.28 billion award includes the development of the models, delivery of four units and seven aircrew and maintainer training systems. However, this contract is but step one in the eventual production of up to 112 aircraft, potentially worth a contract of around $7.9 billion. This marks the second major military contract for Sikorsky in as many months.

More from Video

Video: How to Select Mutual Funds in Your 401(k)

Video: How to Select Mutual Funds in Your 401(k)

Racing Legend Mario Andretti Has Great Advice for Retirees

Racing Legend Mario Andretti Has Great Advice for Retirees

Arianna Huffington on Burnout, Tech-Life Balance and Why Amazon's CEO Agrees

Arianna Huffington on Burnout, Tech-Life Balance and Why Amazon's CEO Agrees

Nucor Is Waiting to See if Steel Tariffs Will Be Implemented, Jim Cramer Says

Nucor Is Waiting to See if Steel Tariffs Will Be Implemented, Jim Cramer Says

Jim Cramer: Will Apple or Amazon Become the World's First Trillion Dollar Stock?

Jim Cramer: Will Apple or Amazon Become the World's First Trillion Dollar Stock?