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

Verified

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 Aircraft 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, potentially valuing the deal between $2.3 billion and $4.4 billion.
This 10th multi-year agreement strengthens the long-standing partnership between Sikorsky and the Army, ensuring the continued support and modernization of the Black Hawk fleet to meet current and future operational needs.
The contract includes plans for significant upgrades, such as the adoption of new turbine engines, to enhance the Black Hawk's sustainability and digitalization, ensuring its vital role in future military operations and integration with the Army's Future Vertical Lift initiatives.

See a mistake? Contact us.

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.