Sikorsky Scores $2.3 Billion Army Black Hawk Contract

Sikorsky Aircraft, the helicopter subsidiary of Lockheed Martin (NYSE: LMT), signed a new five-year contract this week with the U.S. Army to deliver at least 120 H-60M Black Hawk helicopters with an option for up to 225 more.

Michael Wildes

Wednesday, June 29, 2022 at 01:22 PM ET

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Sikorsky has built and delivered more than 4,000 Black Hawks to the U.S. military and 28 U.S. allies since launching the aircraft in the 1970s. (Courtesy: U.S. Air National Guard/Master Sgt. Matt Hecht)

Key Takeaways:

Sikorsky secured a new five-year contract with the U.S. Army to deliver a baseline of 120 H-60M Black Hawk helicopters, with options for up to 225 additional aircraft for both the Army and foreign military sales, potentially valued at $2.3 billion to $4.4 billion.
This 10th multi-year agreement reinforces the strong, long-term partnership between Sikorsky and the Army, providing critical support for current operations and future capability needs through upgrades and technology insertions.
The contract ensures ongoing modernization of the Black Hawk platform, including adopting new engines, to maintain its versatility and relevance for the Army's future vertical lift priorities and integrated operations.

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Sikorsky Aircraft, the helicopter subsidiary of Lockheed Martin (NYSE: LMT), signed a new five-year contract this week with the U.S. Army to deliver more Black Hawk helicopters. According to the deal, Sikorsky will deliver a baseline of 120 H-60M Black Hawk helicopters and will have the option to produce up to 225 more aircraft for both the U.S. Army and Foreign Military Sales (FMS) customers.

Sikorsky said the deal would be worth approximately $2.3 billion but could stretch to $4.4 billion for the company, if the Army fully exercises its options for the additional aircraft.