The contract includes a three-month base period for an estimated $22 million, commencing July 1, 2006, plus four one-year options. The program will employ approximately 700 people and could be valued at more than $400 million through the life of the program if all options are exercised.
Under the contract, SSSI will provide program management, maintenance and repair, material management and engineering support for Chief of Naval Air Training undergraduate missions to include: 100 T-34C Turbomentor and 54 T-44A Pegasus aircraft at Naval Air Station (NAS) Corpus Christi, Texas; 154 T-34C aircraft at NAS Whiting Field, Milton, Fla.; and 46 T-6A Texan II aircraft at NAS Pensacola, Fla. Additionally, SSSI will support 27 T-34C and one T-6A aircraft at nine satellite facilities. The program will be managed from the SSSI program support office in Pensacola, Fla.
"We are pleased to once again provide support for the Chief of Naval Air Training," said Dave Adler, Sikorsky senior vice president for Worldwide Customer Service. "This is an important win in a very competitive environment. We look forward to meeting and exceeding our customers' expectations with the world-class level of support and professionalism for which SSSI has become known."
Sikorsky Aircraft Corp. based in Stratford, Conn., is a world leader in helicopter design, manufacturing and service. United Technologies Corp. of Hartford, Conn., USA, provides a broad range of high technology products and support services to the aerospace and building systems industries.
This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in government procurement priorities and practices or in the number of aircraft to be reset; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corporation's Securities and Exchange Commission filings.