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Sikorsky Receives $354M Modification to MH-60R Procurement Contract

MH-60RLockheed Martin (NYSE: LMT) subsidiary Sikorsky has received a $354.2 million contract modification from the U.S. Army to fund the procurement of 29 MH-60R Seahawk helicopters.

The Defense Department said Monday the modification also covers program and logistics support through the end of December 2017.

Sikorsky will perform contract work at its facility in Stratford, Connecticut.

The U.S. Navy uses MH-60R helicopters for combat search-and-rescue, anti-submarine and anti-surface warfare, surveillance and gunfire support operations, among others.

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