Author: Naomi Cooper|| Date Published: January 27, 2023
Lockheed Martin’s (NYSE: LMT) Sikorsky subsidiary has secured a $656.8 million modification under an U.S. Army contract for the production and delivery of UH-60M Black Hawk helicopters to Australia.
The Australian government obligated the full amount of the award through the Department of Defense’s foreign military sales program, according to a DOD notice posted Thursday.
Contract work will take place at a company facility in Stratford, Connecticut, through June 30, 2027.
The modification was awarded a week after Australia’s defense department confirmed the procurement of 40 UH-60M multimission aircraft from the U.S. as part of an approximately $1.95 billion FMS deal the State Department approved in August 2022.
In June 2022, the Army awarded Sikorsky a five-year, $4.4 billion contract to supply 255 H-60M Black Hawk helicopters to the branch and international military customers.
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