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Business/Financial

Lockheed Martin Nabs Potential $5 Billion Black Hawk Contract

By Matthew Beinart

Monday, July 3rd, 2017

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Lockheed Martin Nabs Potential $5 Billion Black Hawk Contract

Sikorsky's new UH-60M Black Hawk and HH-60M MEDEVAC helicopters. Photo: Sikorsky.

Lockheed Martin's [LMT] Sikorsky Aircraft unit signed a five-year, potential $5.2 billion contract on June 30 to supply U.S. Army and Foreign Military Sales customers with 257 of the latest models of its H-60 Black Hawk helicopter fleet. Sikorsky will deliver its new UH-60M Black Hawk and HH-60M MEDEVAC helicopters under a $3.8 billion contract, with options for additional 103 aircraft adding potentially $1.4 billion more to the deal. The Pentagon will decide production quantities on a year-to-year basis with…

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