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  • Friday, November 22, 2024
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Sikorsky Secures $657M Army Contract Modification for UH-60M Helicopters

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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