Financial Wire

Textron Gets Five-Year Extension to US Government Contract Worth Over $150 Million

-- Textron (TXT) said Monday it was awarded a five-year US government contract valued at over $150 million to provide sustaining engineering and program management services for the US Air Force, Navy and Army T-6A, T-6B and T-6D aircraft fleet.

The contract was first awarded in 2021 and the latest modification extends it for another five years.

The modification brings the total cumulative face value of the contract to $510 million from $240 million. Work will be performed in Wichita, Kansas, according to the company.

Price: $91.11, Change: $-0.28, Percent Change: -0.31%

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