
Sikorsky on Friday was awarded a $1.1 billion contract for 12 heavylift CH-53K King Stallion helicopters, the Department of Defense announced on Friday, with $509 million for the current fiscal year and $617 million for the following year. The contract to Sikorsky, owned by Lockheed Martin [LMT], covers Lots 2 and 3 low-rate production of the helicopter, which will replace the aging CH-53E Super Stallion, also produced by Sikorsky. The U.S. Navy plans to buy about 200 King Stallions. As…