Two Contracts for AGT1500 Services Valued Up To $1.9 Million
(San Antonio, April 21, 2009) -- Chromalloy announced today that it has been selected by the U.S. Army for two contracts valued at up to $1.9 million, for engine component repairs on the AGT1500 engine that powers the M1 Abrams battle tank.
The agreements cover component maintenance and repairs for the Army National Guard fleet of M1 Abrams tanks deployed worldwide. Under the continuance contracts Chromalloy will perform the work at its Oklahoma facility.
"Chromalloy has several years of demonstrated success delivering engine component repairs to the Army National Guard," said Mike Beffel, Vice President, Operations, IGT, New Parts, and Military. "By once again selecting our services for the AGT1500, the National Guard will continue to realize cost savings for its Abrams fleet and see exceptional performance and reliability."
The agreement covers component repairs in support of 150 engines per year beginning in 2009. The original contracts awarded by the Army National Guard were three-year, performance-based agreements. The first add-on contract is a one-year agreement, with two one-year options valued at up to $1.2 million, covering repairs to the AGT1500 power turbine housing. The second contract, a two-year agreement with three one-year options, is valued at up to $712,000. It covers engine nozzle repairs.
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