United Tech's (UTX) Sikorsky Aircraft and L-3 Communications (LLL) lose out as BAE Systems...

|By:, SA News Editor

United Tech's (UTX) Sikorsky Aircraft and L-3 Communications (LLL) lose out as BAE Systems (BAESF.PK) wins a contract of up to $400M over the next five years to maintain over 300 U.S. Navy trainer aircraft. It's a particular blow for Sikorsky, which was the incumbent. The deal includes an initial base term as well as multiple options.