Lockheed Books $360 Million of Work on Navy’s Seahawk Helicopter

Lockheed Martin (NYSE: LMT) picked up several MH-60R Seahawk helicopter production and development contracts from the Navy, worth a total $360 million.

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The deals cover a variety of tasks for the by Sikorsky (NYSE: UTX)-produced aircraft.

“The Navy’s investment in the MH-60R fleet ensures our pilots and aircrews have the best and most advanced equipment for every mission, ” said Capt. Dean Peters, U.S. Navy MH-60 program manager. “We are looking for reliable, modern aircraft upgraded efficiently and affordably, and that’s why we have devoted these resources to the MH-60 fleet.”

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