Business

May 9, 2014

Sikorsky wins $1.24 billion U.S. helicopter deal

Stephen Singer
Associated Press

Helicopter manufacturer Sikorsky Aircraft Corp. announced May 7 a $1.24 billion contract to build the next fleet of “Marine One” presidential helicopters, ending a years-long effort to return the high-profile aerospace project to Connecticut.

Sikorsky, a subsidiary of United Technologies Corp., said the contract is to modify, test and deliver six S-92 helicopters and two trainer simulators to the U.S. Marine Corps. It says it will eventually supply 21 aircraft by 2023.

“Every president since Eisenhower has flown in a Sikorsky, made right in Connecticut,” said Rep. Rosa DeLauro, D-Conn. “I am thrilled to see this contract come back to Stratford where it has always belonged and where it should have gone in the first place.”

Sens. Richard Blumenthal and Chris Murphy, both D-Conn., said the Navy’s decision “comes five years and $3.2 billion too late after first pursuing failed foreign alternatives.”

DeLauro and Rep. John Larson, D-Conn., said the state’s congressional delegation lobbied the Pentagon to end a previous contract with Lockheed Martin and Europe-based AugustaWestland after cost overruns nearly doubled the price of the program and saw it fall six years behind schedule.

Then-Defense Secretary Robert Gates, citing cost, canceled Lockheed Martin contracts in 2009 for a helicopter to carry the president and a communications satellite.

The helicopters will not be manufactured solely in Connecticut. Assembly will be in Coatesville, Penn., and principal subcontractor Lockheed Martin Mission Systems and Training will install communications and mission systems in Owego, N.Y.

Aircraft modifications and installation of the helicopter’s interior will be at Sikorsky’s Stratford, Connecticut, site.

The announcement is a big deal for Sikorsky, which has faced declining revenue and recently laid off workers after the U.S. military exited Iraq and has begun to wind down operations in Afghanistan.

In February, United Technologies Chief Financial Officer Greg Hayes said Sikorsky faces a “tough couple of years,” though he said it has a bright future.

Sales of the Black Hawk, which the military has relied on as a workhorse helicopter striking targets and ferrying troops in Iraq and Afghanistan, have fallen about 20 percent year over year, Hayes said in January.




All of this week's top headlines to your email every Friday.


 
 

 

Headlines April 24, 2015

News: More than $1 billion in U.S. emergency reconstruction aid goes missing in Afghanistan - A total of $1.3 billion that the Pentagon shipped to its force commanders in Afghanistan between 2004 and 2014 for the most critical reconstruction projects can’t be accounted for by the Defense Department, 60 percent of all such spending under an...
 
 

News Briefs April 24, 2015

German defense minister: widely used rifle has no future A widely used assault rifle has “no future” with the German military in its current form, Germany’s defense minister said April 22, escalating a dispute over the weapon’s alleged shortcomings. Ursula von der Leyen said last month that a study showed the G36 rifle has a...
 
 
Army photograph

Composites key to tougher, lighter armaments

Army photograph XM-360 test firing at Aberdeen Proving Ground, Md., in 2007, is shown. The Army is on the cusp of revolutionizing materials that go into armament construction, making for stronger, lighter and more durable weapo...
 

 

Northrop Grumman signs long-term agreement with Raytheon

Northrop Grumman has entered a long-term agreement with Raytheon to supply its LN-200 Inertial Measurement Unit for Raytheon optical targeting systems. The long-term agreement with Raytheon’s Space and Airborne Systems business extends through 2018. The LN-200 provides camera stabilization on optical targeting systems that conduct long-range surveillance and target acquisition for various...
 
 

NTTR supports first F-35B integration into USMC’s weapons school exercise

The Nevada Test and Training Range was part of history April 21, when four U.S. Marine Corps-assigned F-35B Lightning IIs participated in its first Marine Corps’ Final Exercise of the Weapons and Tactics Instructor course on the NTTR’s ranges. The Final Exercise, or FINEX, is the capstone event to the U.S. Marine Corps Marine Aviation...
 
 
AAR-Textron

AAR awarded new contract from Bell Helicopter Textron to support T64 engines

AAR announced April 22 that Bell Helicopter Textron Inc. awarded its Defense Systems & Logistics business unit a contract providing warehouse and logistics services in support of upgrading T64 engines for the Bell V-280 Val...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>