Hello, Guest!
  • Friday, November 22, 2024

Sikorsky, Army Close $4.4B Deal for Black Hawk Helicopters

Lockheed Martin’s (NYSE: LMT) Sikorsky subsidiary has secured a potential five-year, $4.4 billion contract from the U.S. Army to manufacture and deliver up to 255 H-60M Black Hawk helicopters to the service branch and foreign military sales customers.

The agreement has a base value of $2.3 billion for 120 combat assault utility helicopters and an option for 135 additional aircraft, Lockheed said Monday.

Sikorsky is scheduled to begin deliveries under the new contract in July.

The Army obligated $478.1 million in fiscal 2022 aircraft procurement funds at the time of the award, according to a Department of Defense notice.

Lockheed said the award marks the 10th multiyear agreement Sikorsky has received from the U.S. government to supply multiple variants of the H-60 platform to the Army and international allies.

Video of the Day

Related Articles

RTX Books $344M Standard Missile Production Contract Contract Awards

RTX Books $344M Standard Missile Production Contract

Raytheon, a subsidiary of RTX (NYSE: RTX), has received a $344 million contract to build and deliver two Standard Missile variants with a common guidance section to U.S. and international military customers. The company said Thursday it will produce the SM-2 Block IIICU and SM-6 Block IU missiles on a common production line for the

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted M&A Activity

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted

VTG has moved to expand its portfolio of digital transformation platforms and cloud services for defense and intelligence community customers through its acquisition of Vana Solutions. Vana Solutions is a Dayton, Ohio-based company founded by Srujal Sheth and Sunit Sheth in 2005 and is focused on delivering cloud services, advanced analytics, data fabric platforms and

Kristen McLeod Promoted to Calibre Systems EVP, CFO Executive Moves

Kristen McLeod Promoted to Calibre Systems EVP, CFO

Kristen McLeod, most recently senior vice president of finance and accounting and controller at Calibre Systems, has assumed the roles of executive VP and chief financial officer at the Alexandria, Virginia-based management consulting and digital transformation company. In this capacity, she will serve as a corporate officer and fiscal strategist and continue to offer insights