Lockheed/Sikorsky Unit Wins $387M DoD Contract for UH-60M – Charles D’Alberto

Charles D'Alberto

Lockheed Martin Corp. ‘s business unit, Sikorsky Aircraft Corp., has won a modification contract from the U.S. Army for exercising an option for 35 UH-60M helicopters. The contract is valued at $387.2 million and the contracting activity is Army Contracting Command, Redstone Arsenal, AL.

Work is scheduled to be complete by Dec 31, 2016 and will be performed in Stratford, CT. The contract will use fiscal 2016 other procurement funds.

Manufactured by Sikorsky, UH-60M Black Hawk is a twin-engine helicopter with four blades and medium-lift utility. Even amid the harshest of conditions, this aircraft is capable of providing constant, fail-safe service. Moreover, the aircraft is integrated with the U.S. Army’s Future Combat Systems and automated aircraft health monitoring system and has the ability to provide superior vertical lift.

Lockheed Martin purchased Black Hawk helicopter maker, Sikorsky Aircraft, from United Technologies Corp. UTX on Nov 2015. The deal boosted Lockheed’s position as the world’s largest defense contractor, pushing it deeper into the military helicopter business. The purchase of Sikorsky added another well-known product – Black Hawk – to Lockheed Martin’s helicopter business.

We remind investors that Lockheed Martin is the largest U.S. defense contractor, with a platform-centric focus that guarantees a steady inflow of follow-on orders from its leveraged presence in the U.S. Army, Air Force, Navy and IT programs.

Posted By Charles D'Alberto