What Happened
Lockheed Martin Subsidiary Secures Flexible Contract for Helicopter Production
Sikorsky, a Lockheed Martin company, has reached a novel production agreement with the US Army for Black Hawk helicopters, enabling the Army to add aircraft as requirements emerge. The initial agreement covers 16 aircraft, with potential for over 100 more in the coming years. The contract allows for flexible production to meet emerging requirements, particularly for allied nations. Funds for the initial aircraft come from Congressional appropriations and the Black Hawk Exchange and Sales Transaction program. This agreement was first reported by Sikorsky.