Tag Archives: Sikorsky

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 …

TYSONS CORNER, VA, Feb. 7, 2018 — Lockheed Martin (NYSE: LMT) has entered into a partnership with Germany’s Rheinmetall to offer the Sikorsky-built CH-53K King Stallion helicopter in the team’s bid for a potential $4.9 billion helicopter procurement contract with the German military, ExecutiveBiz reported Tuesday. Reuters reported Tuesday a request for information is …

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 …

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 …

Weekly Roundup December 18 – December 22 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This month there was a significant amount of year-end contract activity in the GovCon marketplace. Foreign nations announced their intent to purchase military vehicles and the …

Germany’s military has cleared a plan to start the competition for a potential $4.72 billion contract to purchase 45 to 60 heavy-lift helicopters to replace its current fleet of CH-53G aircraft, Reuters reported Friday. A source said Gen. Volker Wieker, chief of staff of the German Bundeswehr, signed Thursday a …

TYSONS CORNER, VA, Nov. 17, 2017 — BAE Systems has entered into an agreement to continue its partnership with the Advanced Military Maintenance Repair and Overhaul Center in the United Arab Emirates to provide support for that country’s Hawk trainer aircraft fleet, ExecutiveBiz reported Thursday. The teaming arrangement with the UAE-based joint venture …

General Electric‘s (NYSE: GE) aviation business has received a $143.4 million contract from the U.S. Navy to for the low-rate initial production of lots 1 and 2 turboshaft engines for CH-53K heavy-lift helicopters. The Defense Deparment said Thursday GE Aviation will supply 22 T408-GE-400 engines, peculiar support equipment and spares as well as provide programmatic and logistics …

Mark Cherry, president and chief operating officer at Manassas, Virginia-based autonomous systems maker Aurora Flight Sciences, has been appointed to succeed Darryl Davis as vice president of Boeing’s (NYSE: BA) Phantom Works technology arm. Davis, who served as head of Phantom Works for a decade, will transition into a program management …

The State Department has approved Australia’s request to purchase follow-on technical services and related equipment to support updates to 24 MH-60R helicopters under a potential $360 million foreign military sales agreement. Lockheed Martin’s (NYSE: LMT) Sikorsky business will serve as the principal contractor in the proposed FMS transaction that also …