Sikorsky gets $1.28B rescue helicopter contract

Associated Press |

NEW YORK (AP) — Aircraft maker Sikorsky said Thursday it received a $1.28 billion contract to build a new combat rescue helicopter for the Air Force.

The company said it will develop a new version of the Black Hawk helicopter and deliver four helicopters to the U.S. Air Force by 2020. Sikorsky will also provide crew and maintenance training systems.



The company said the Air Force could expand the contract and order as many as 112 helicopters. The contract could potentially be worth $7.9 billion, it said.

In March, the Air Force said it was moving forward with plans to have Sikorsky build the helicopter, but said Pentagon budget cuts could affect the program.

Sikorsky is a division United Technologies Corp., which is based in Hartford, Connecticut.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
TAFFF Tack Fiori International Group Ltd 0.22 0.00 0.00 0

Comments

Emerging Growth

Winston Gold Mining Corp.

Winston Gold Mining Corp is a mineral exploration and development company. The Company is engaged in acquiring, exploring, developing, and operating mining properties.

Private Markets

Santo Diablo Mezcal

Santo Diablo Mezcal has been created to capitalize on a boom sector of the beverage market currently full of many small unmemorable products by producing one sexy, household, easily recognizable…

WayBetter

The spark hit Jamie when he saw co-workers competing to lose weight. Instead of pizzas and subs, they were eating salads and jogging along the river. Some were sneakily leaving…