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Business/Financial

Lockheed Martin, Turkish Industry Activate $3.5 Billion In Agreements To Build 109 T70 Helicopters

Monday, June 20th, 2016

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Lockheed Martin, Turkish Industry Activate $3.5 Billion In Agreements To Build 109 T70 Helicopters

T70 Helicopter. Photo: Turkish Aerospace Industries Inc.

Lockheed Martin [LMT], the government of Turkey, and members of the Turkish aerospace industry activated contractual agreements worth $3.5 billion under the Turkish Utility Helicopter Program (TUHP) to build and deliver 109 T70 utility helicopters, the company said Thursday.The T70 is based on UH-60 Black Hawk utility aircraft made by Sikorsky, which was purchased by. Lockheed Martin last year and now operates as a business unit of the defense giant. The agreements were approved by both the United States and…

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