Sikorsky Books $155M Navy Contract Modification for Lot 6 CH-53K Long-Lead Items

Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary has been awarded a one-year, $155.2 million contract modification by the U.S. Navy to obtain long-lead materials in preparation for lot 6 production of CH-53K King Stallion helicopters.

The award is for parts and components needed to manufacture nine CH-53K aircraft, the Department of Defense said Thursday.

Sikorsky received a $125.4 million contract in March 2020 for lot 5 King Stallion long-lead materials.

The CH-53K heavy-lift cargo helicopter is designed to transport U.S. Marine Corps personnel and equipment from a naval ship to the shore or a high terrain area.

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