Sikorsky wins $8.5 billion contract
The US Army and Navy have signed an $8.5 billion contract with Sikorsky Aircraft Corp. to buy a baseline quantity of 653 Black Hawk and Seahawk helicopters through December 2017.
The five-year contract will yield significant savings for the US Government compared with purchasing the same quantity across five separate annual agreements.
The five-year agreement also allows the Army and Navy to order as many as 263 more aircraft within the same contractual terms. If exercised, the optional purchases could push the contract value as high as $11.7 billion. Actual production quantities will be determined year-by-year over the life of the programme based on funding allocations set by Congress and Pentagon acquisition priorities.