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Search Results for: Sikorsky

Sikorsky Awarded $126M for Lot 3 King Stallion Helicopter Long Lead Items

Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary has received a $126.5 million contract modification to obtain long lead materials for the low rate initial production of seven CH-53K King Stallion helicopters. Sikorsky will procure the items needed to manufacture the third batch of CH-53K aircraft through the modified contract, the Defense Department said Tuesday. The Navy …

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Report: Lockheed Asks DoD to Reimburse $212M in Restructuring Costs for Sikorsky Purchase

Lockheed Martin (NYSE: LMT) has asked the Defense Department to reimburse $212 million in restructuring costs associated with its $9 billion purchase of Sikorsky Aircraft in 2015 on the grounds that the Bethesda, Maryland-based defense contractor has been delivering $8 in savings for every dollar spent through the acquisition, Bloomberg …

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Sikorsky Awarded $194M Saudi Arabia UH-60M Helicopter FMS Contract

Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary has received a potential $193.8 million U.S. Army foreign military sales contract to supply modernized units of the Black Hawk medium-lift helicopter platform to Saudi Arabia. Sikorsky will manufacture eight UH-60Ms for the Saudi Arabian National Guard and another nine for the Royal Saudi Land Forces Airborne Special …

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Sikorsky Gets $304M Contract Funds to Produce Initial Navy CH-53K Helicopters

Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary has received a potential $304 million contract modification from the U.S. Navy for the low-rate initial production of lot 1 CH-53K heavy-lift helicopters. The Defense Department said Thursday that Sikorsky will build two CH-53K units as well as provide aircraft, programmatic and logistics support, peculiar support equipment and …

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Sikorsky Lands Potential $5B Army Contract for Black Hawk Helicopter Production

Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary has secured a potential $5.2 billion contract to build H-60 Black Hawk helicopters for the U.S. Army and foreign military sales customers. The contract has an initial value of $3.8 billion and covers the production of 257 units of the UH-60M utility and HH-60M medical …

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Lockheed’s Sikorsky Lands Army Contract for Black Hawk Tail Rotor Blade Repairs

TYSONS CORNER, VA, May 19, 2017 — Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary will provide tail rotor blade repairs in support of the U.S. Army‘s UH-60 Black Hawk helicopters under a $37.6 million contract, ExecutiveBiz reported Thursday. The Defense Department said Wednesday Sikorsky received $18.4 million in initial funds to work on 381 helicopter tail rotor …

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January 24 Market Close: GovCon Index Advances With Boeing Lift, Lockheed Drags on Dimmed Guidance & Sikorsky Material Weakness

Executive Mosaic’s GovCon Index traded higher Tuesday on a lift from Boeing (NYSE: BA) and government services stocks as Lockheed Martin (NYSE: LMT) fell after the defense contractor reported material weaknesses related to internal controls for financial statements at its Sikorsky helicopter subsidiary. All three major U.S. stock indices also advanced as the S&P …

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Sikorsky Vet Carey Bond Joins CPI Aerostructures Board of Directors; Eric Rosenfeld Comments

Carey Bond, a former corporate president at Lockheed Martin’s (NYSE: LMT) Sikorsky Aircraft company, has joined the board of directors of CPI Aerostructures. Bond’s appointment to the board brings the total number of directors to eight before Director Kenneth McSweeney’s retirement at the end of his term, CPI Aero said Tuesday. “A …

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Lockheed Martin’s Sikorsky Unit Eyes Poland’s Military Transport Helicopter Buy

TYSONS CORNER, VA, Oct. 12, 2016 — Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary is back in the lineup for the potential supply of military transport helicopters to Poland after the cancellation of a planned $3.5 billion purchase of Airbus‘ H225M Caracal, ExecutiveBiz reported Tuesday. Flightglobal reported Monday Sikorsky offers the S-70i Black Hawk helicopters …

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Sikorsky Lands $187M in Army Contract Modifications for Taiwan, Tunisia UH-60M Helicopters

The U.S. Army has awarded Lockheed Martin‘s (NYSE: LMT) Sikorsky Aircraft subsidiary two contract modifications worth a combined $187.1 million to provide UH-60M Black Hawk helicopters to Taiwan and Tunisia under foreign military sales agreements. One modification has a potential $148.7 million value and calls for Sikorsky to make six configured UH-60Ms for Taiwan’s air force, the Defense Department said …

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