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Sikorsky to Begin Presidential Helicopter Production Under $542M Award

Jeff Brody

The U.S. Navy has awarded Lockheed Martin‘s (NYSE: LMT) Sikorsky Aircraft subsidiary a three-year, $542M contract modification to begin low-rate initial production of VH-92A presidential transport helicopters.

Sikorsky will build six lot 1 LRIP units and provide interim support, spare parts, support equipment and replenishment services under the Presidential Helicopter Replacement Program, the Department of Defense said Monday.

The manufacturer's VH-92A rotary platform completed a flight assessment in November to replace helicopters previously used by the U.S. Marine Cors to transport the president.

The Navy will use fiscal 2019 aircraft procurement funds to cover the full obligated amount.

Work will take place in Connecticut, Pennsylvania, New York, Maryland and Virginia through April 2022.

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