Lockheed A Prime On Proposed $2.5B Qatar Seahawk Helicopter Sale

Lockheed Martin (NYSE: LMT) is a prime contractor on a proposed $2.5 billion U.S. foreign military sales agreement with Qatar for helicopters and associated parts.

The U.S. Defense Security Cooperation Agency notified Congress that Qatar is requesting to purchase 10 MH-60R and 12 MH-60S Seahawk helicopters with armed modification kits and 48 engines.

The proposed sale also includes an option to buy 6 more MH-60S helicopters with armed modification kits and 13 engines at a later date.

Qatar would receive communication and support equipment, repair parts, training, logistics and U.S. government and contractor support.

If the sale goes through, 15 contractor representatives would visit Qatar on an intermittent basis to help carry out delivery and familiarize military personnel with the helicopters and equipment.

Qatar will use the helicopters to defend against anti-surface warfare threats, the DSCA said.

Lockheed also holds an estimated $2 billion contract to provide missile interceptors to the Missile Defense Agency, who will then deliver them to the United Arab Emirates.

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