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Business/Financial

Coast Guard Awards Lockheed Martin $850 Million For New H-60 Hulls

By Cal Biesecker

Friday, January 22nd, 2021

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Coast Guard Awards Lockheed Martin $850 Million For New H-60 Hulls

The Coast Guard MH-60T helicopter, which entered service in 1990, carry out search and rescue, law enforcement, and airborne use of force missions. Photo: Coast Guard

The Coast Guard last Thursday awarded Lockheed Martin’s [LMT] Sikorsky business unit a potential $850 million contract for new H-60 helicopter hulls as part of the sustainment program for the service’s MH-60T fleet, which entered service in 1990. Under the initial order worth nearly $207 million, Lockheed Martin will provide 25 new hulls, including non-recurring engineering costs. Delivery of the first new hull is expected in early 2023 and subsequent deliveries of about one a month will start in late…

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