Hello, Guest!
  • Thursday, November 21, 2024
Logo / lockheedmartin.com

Lockheed Subsidiary Books $168M Navy Contract for Lot 9 CH-53K Aircraft Long-Lead Items

A Lockheed Martin (NYSE: LMT) subsidiary has received a $168.2 million contract from the U.S. Navy to cover long-lead materials needed to manufacture Lot 9 CH-53K heavy-lift helicopters.

Under the advance acquisition award, Sikorsky will provide parts and components needed to manufacture 21 CH-53K aircraft for the Marine Corps, the Department of Defense said Friday.

Naval Air Systems Command, the contracting activity, will obligate the full contract amount from the Navy’s fiscal 2024 aircraft procurement funds. 

Sikorsky will perform work in Stratford, Connecticut, through March 2025.

In December 2022, the Navy transitioned the CH-53K program to full-rate production, which could ramp up production of the aircraft to more than 20 units on an annual basis.

Video of the Day

Related Articles

Lockheed Reports 14% Increase in Q1 2024 Net Sales; Jim Taiclet Offers Update on F-35, Next-Gen Interceptor, LRDR Programs Financial Reports

Lockheed Reports 14% Increase in Q1 2024 Net Sales; Jim Taiclet Offers Update on F-35, Next-Gen Interceptor, LRDR Programs

Lockheed Martin (NYSE: LMT) generated $17.2 billion in net sales during the first quarter of 2024, up 14 percent from the prior-year period’s $15.1 billion, and reported $1.5 billion in Q1 net earnings, or $6.39 per share. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it returned $1.8 billion in cash to shareholders through

Scott Wood Named VP of Defense Programs at T-Rex; Leslie Hubbard-Darr Quoted Executive Moves

Scott Wood Named VP of Defense Programs at T-Rex; Leslie Hubbard-Darr Quoted

Scott Wood, formerly vice president of programs at Leonardo DRS (Nasdaq: DRS), has been named VP of defense programs at T-Rex Solutions, a provider of information technology modernization services to government agencies. He will manage the company’s growth strategy and oversee the delivery of IT products and services to the Department of Defense in his

Lockheed Lands $157M USAF Joint Air-to-Surface Standoff Missile Enterprise Software Sustainment Contract Contract Awards

Lockheed Lands $157M USAF Joint Air-to-Surface Standoff Missile Enterprise Software Sustainment Contract

Lockheed Martin‘s (NYSE: LMT) rotary and mission systems division has secured a $157 million contract to help the U.S. Air Force sustain the enterprise management software of the service branch’s air-launched cruise missile system. The contractor will perform sustainment and modernization of the Joint Air-to-Surface Standoff Missile enterprise management software, build operational real-time combat analysis