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Sikorsky Inks $8.5 Billion Deal To Build H-60 Helicopters For Army, Navy

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Sikorsky, a subsidiary of United Technologies Corp. [UTX], said yesterday it signed a five-year, $8.5 billion contract to provide the Army and Navy with a baseline quantity of 653 H-60 Black Hawk and Seahawk helicopters through December 2017. The five-year agreement also allows the Army and Navy to order as many as 263 more aircraft within the same contractual terms, Sikorsky said in a statement. If exercised, the operational purchases could push the contract value as high as $11.7 billion.…

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