Author: Naomi Cooper|| Date Published: June 28, 2022
Lockheed Martin’s (NYSE: LMT) Sikorsky subsidiary has secured a potential five-year, $4.4 billion contract from the U.S. Army to manufacture and deliver up to 255 H-60M Black Hawk helicopters to the service branch and foreign military sales customers.
The agreement has a base value of $2.3 billion for 120 combat assault utility helicopters and an option for 135 additional aircraft, Lockheed said Monday.
Sikorsky is scheduled to begin deliveries under the new contract in July.
The Army obligated $478.1 million in fiscal 2022 aircraft procurement funds at the time of the award, according to a Department of Defense notice.
Lockheed said the award marks the 10th multiyear agreement Sikorsky has received from the U.S. government to supply multiple variants of the H-60 platform to the Army and international allies.
AeroVironment has tapped Robert “Rob” Smith as executive vice president and chief operating officer. Smith’s appointment, which will become official April 13, underscores…
GreyNoise Intelligence has launched Command and Control Detection, a new intelligence module designed to identify active cyber compromises using outbound…
BigBear.ai has named Jo Ann Bjornson as chief human resources officer and Alex Thompson as chief corporate affairs officer. The new leadership appointments…
