Author: Jane Edwards|| Date Published: July 30, 2024
Lockheed Martin’s (NYSE: LMT) Sikorsky subsidiary has secured a potential $120.2 million contract modification from the U.S. Navy to provide additional long-lead time materials needed to produce Lot 9 CH-53K King Stallion heavy-lift helicopters.
The Department of Defense said Monday the additional materials will support the production of 21 CH-53K aircraft.
Naval Air Systems Command will obligate the full contract amount using fiscal 2024 aircraft procurement funds.
The vendor will perform work in Stratford, Connecticut, through March 2025.
Register here to join the Potomac Officers Club’s 2024 Navy Summit on Aug. 15 and hear government and industry leaders, innovators and experts discuss the latest technological advancements, maritime security and more.
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