Lockheed’s Sikorsky Lands $232M Navy Contract Modification for CH-53K Test Demo Helicopters

ch-53 king stallionLockheed Martin’s (NYSE: LMT) Sikorsky subsidiary has received a potential four-year, $232 million contract modification from the U.S. Navy to provide two CH-53K helicopters designed to operate as system demonstration test article aircraft.

Work under the cost-plus-incentive-fee contract modification will occur in various locations within the U.S. through February 2020, the Defense Department said Friday.

The Naval Air Systems Command will obligate $11.2 million from the service branch’s research, development, test and evaluation funds for fiscal 2016 at the time of award.

CH-53K is a heavy-lift helicopter that works to provide maritime- and ground-based logistics support to the U.S. Marine Corps and is designed to lift up to 36, 000 pounds of external payloads.

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