5/18, 4:37 AM (Source: TeleTrader)
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Sikorsky gets $1.13B US defense contract

Sikorsky announced it was granted a contract by the United States Navy to build 12 production CH-53K King Stallion helicopters. The deal is worth $1.13 billion.

The company, which is owned by Lockheed Martin, will start delivering the helicopters in 2022 and production of the model is expected to continue at least until 2032. Sikorsky is also to provide logistical support and spare parts.

The CH-53K is known as the most powerful heavy lift helicopter that has been produced in the US.

Breaking the News / VP