The U.S. Department of Defense has awarded a major contract to Connecticut-based United Technologies Corp. (NYSE: UTX). A portion of the work for the more than $1 billion contract will be performed in Indianapolis.
The contract calls for the production of propulsion systems for the F-35 Lightning II fighter jet. The DOD says 85 percent of the work will be performed in Connecticut, but 11 percent will be completed in Indianapolis. The remaining work will be done in the United Kingdom.
The propulsion systems are being produced for the U.S. Air Force, Navy, Marine Corps, international partners and foreign military sales customers. The Naval Air Systems Command in Maryland is the contracting activity.
UTC has draw criticism over its decision to move operations from its subsidiaries, Carrier Corp. in Indianapolis and United Technologies Electronic Controls in Huntington, to Mexico. The move will result in the loss of some 2,100 jobs.