The U.S. Army has obligated $507M in fiscal 2021 aircraft procurement funds on a contract modification for Black Hawk medium-lift helicopters being manufactured by Lockheed Martin's (NYSE: LMT) Sikorsky subsidiary.
Sikorsky will continue to produce multimission HH-60M rotorcraft and the UH-60M medical evacuation variant for the service branch under the modification award, the Department of Defense said Wednesday.
DoD expects work to conclude by June 30, 2022.
Sikorsky initially received a potential $5.2B contract in mid-2017 to manufacture 257 Black Hawk helicopters.
The UH-60M is designed with digital avionics and autopilot systems, while the HH-60M is equipped with litters and stretchers to ferry wounded warfighters.
