StandardAero was awarded an indefinite delivery/indefinite quantity (IDIQ) contract worth over $80 million from the United States Department of Defense (U.S. DoD) on November 20, 2024. The contract, facilitated by the Canadian Commercial Corporation (CCC), is for engine repair services. This agreement reinforces StandardAero's role as a key MRO provider for military assets.
Under the terms of the contract, StandardAero will be responsible for repairing 501-K34 Turbine Engines, which are utilized by the U.S. Navy surface fleet for power generation and mechanical drive applications. This specific engine platform is critical for naval operations, ensuring the readiness and performance of various ships.
This award builds upon StandardAero's established track record with the U.S. DoD, having performed over $160 million in MRO services for the U.S. Air Force, Navy, and Army under CCC contracts over the past two decades. The contract highlights the company's specialized capabilities in supporting military engine platforms and extending the lifecycle of naval assets.
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