Sikorsky Aircraft Corp. has signed a $3.5 billion agreement with Turkey for the production of multi-purpose helicopters, Defense News reported Friday.
Burak Ege Bekdil writes the United Technologies (NYSE: UTX) subsidiary will initially co-build 109 T-70 utility helicopters in partnership with Turkish Aerospace Industries.
The T-70 is a variant of Sikorsky’s S-70 Black Hawk International aircraft, according to the article.
Defense News reports that the contract’s value could potentially reach more than $20 billion through follow-on orders.
Turkey plans to use Sikorsky helicopters for military, law enforcement and firefighting operations, according to Bekdil.