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Sikorsky Gets $145M Saudi Arabia MH-60R Helicopter Contract Modification

MH-60RLockheed Martin (NYSE: LMT) unit Sikorsky will manufacture MH-60R Seahawk multimission helicopters for Saudi Arabia under a three-year, $145.1 million contract modification from the U.S. Army.

The Defense Department said Thursday that Sikorsky will provide 10 green MH-60Rs to the Royal Saudi Navy through the U.S.’ foreign military sales program.

The Army Contracting Command is the contracting activity and has obligated the full contract amount at the time of award from the military branch’s fiscal 2016 other procurement funds.

Sikorsky is scheduled to complete production of the helicopters in Stratford, Connecticut, by Oct. 31, 2018.

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