Lockheed, Sikorsky venture awarded $2.0 billion helicopter support deal
Reuters
Published Feb 27, 2015 05:40PM ET
Lockheed, Sikorsky venture awarded $2.0 billion helicopter support deal
WASHINGTON (Reuters) - The U.S. Navy has awarded a joint venture of Lockheed Martin Corp (N:LMT) and Sikorsky Helicopter a contract worth $2 billion to service the Navy's H-60 helicopters through Jan. 31, 2020, the Pentagon announced on Friday.
The fixed-price contract covers "performance-based logistics" on 1,710 assemblies and components, and covers the repair, modification, overhaul and replacement of hardware for the Navy's fleet of H-60 helicopters.
The contact was awarded to Marine Helicopter Support Co, a joint venture of Lockheed and Sikorsky, is a unit of United Technologies Corp (N:UTX).
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Written By: Reuters
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